The Alberta government announced a 2007 - 2008 projected surplus of $4.6 billion today, lifted by high resource prices and the country's highest population growth, according to a provincial government release.
The surplus, announced by Alberta finance minster Iris Evans, was $550 million higher than the last forecast in April 2008, and buoyed by the second highest economic growth in Canada.
"Alberta continues to benefit from strong economic growth and high oil prices," said Evans.
"The government remains committed to taking advantage of this opportunity by increasing our savings and building and maintaining Alberta's infrastructure to address ongoing growth pressures."