The Government of Alberta rolled out their First Quarter Report Tuesday, August 23rd.

According to the report, the deficit is forecast to reach $10.9 billion, which is $527 million higher than estimated in the budget.

“In the face of the oil price collapse and the economic impact of the wildfires, our government continues to take a prudent approach, controlling spending, protecting critical public services, and taking action to create jobs and diversify our economy.” Joe Ceci, President of Treasury Board, Minister of Finance.

The estimated $500 million net impact of the Wood Buffalo wildfires is being attributed with the increase, as well as the current price of oil.

"If this government hadn't cut the fire budget they wouldn't be in the situation where they are putting their hands back out looking for more money," said Angela Pitt, Wildrose MLA. "Situations happen all the time in this province, and these are very poor excuses for their poor spending habits."

Total expenses are also forecast to increase $866 million, due to the Wood Buffalo Disaster Recovery Program, additional disaster assistance, and capital grants.

"We are keeping government operating spending in line with protecting families from reckless cuts to vital public services. Through our Capital Plan, we continue to invest in Alberta's infrastructure." said Ceci.

The NDP anticipate Alberta’s economy to begin recovering in 2017, following a two-year recession.