Alberta’s deficit shrinks $1.3-billion

Albertans will get a glimpse at the province’s bank account this week, with the 2010 annual report due out June 29th.

Premier Stelmach tells The Calgary Sun expect to see a 30 per cent decrease in the projected 2010-2011 deficit.

Energy Minister Ron Liepert credits the resurging energy market for the reducing deficit.

Stelmach points to layoffs and public spending cuts as being behind the optimistic report.

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