{"id":529135,"date":"2026-03-11T13:17:09","date_gmt":"2026-03-11T13:17:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/529135\/"},"modified":"2026-03-11T13:17:09","modified_gmt":"2026-03-11T13:17:09","slug":"soaring-oil-prices-will-not-be-factored-into-provincial-budget-pardy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/529135\/","title":{"rendered":"Soaring Oil Prices Will Not be Factored into Provincial Budget: Pardy"},"content":{"rendered":"<p>\t\t\t\t&#13;<\/p>\n<p>\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/03\/1773235029_811_pc-finance-minister-craig-pardy-house-of-assembly-march-5-2026.jpg\" class=\"header-image\" alt=\"Soaring Oil Prices Will Not be Factored into Provincial Budget: Pardy\"\/><\/p>\n<p class=\"wp-caption-text\">Finance Minister Craig Pardy (VOCM News)<\/p>\n<p>The finance minister says the soaring price of oil will not be factored into the upcoming budget. <\/p>\n<p>The US and Israeli attacks on Iran have had a dramatic impact on the price of oil, soaring well above US$100 earlier this week.<\/p>\n<p>Last year\u2019s budget was based on oil prices projected at US$73 per barrel. <\/p>\n<p>Minister Craig Pardy says with the sudden fluctuation in oil, it\u2019s hard to factor into the budget, which will likely be delivered in the next month.<\/p>\n<p>Pardy says governments are often criticized for using an \u201cinflated\u201d benchmark for oil prices in their forecasts.<\/p>\n<p>\u201cI would think that this bump now ought not to affect what the price of oil would be forecasted for this year because it\u2019s in such close proximity to our budget time\u201d says Pardy.<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; Finance Minister Craig Pardy (VOCM News) The finance minister says the soaring price of oil will not&hellip;\n","protected":false},"author":2,"featured_media":529136,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-529135","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/529135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=529135"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/529135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/529136"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=529135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=529135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=529135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}