What to expect in the 2014 Alberta budget

The provincial budget comes down Thursday afternoon and there have been several hints the province's economic picture is brighter.

But there is a disagreement about how the numbers are being presented to Albertans.

• Grandsons' shoes a symbol of Alberta budget direction
• Alberta throne speech focuses on education, oil industry
• Alberta running $335M deficit in third quarter update

Last year Finance Minister Doug Horner introduced new accounting practices in the budget that left many political observers wonderingabout the size of the surplus,deficit anddebt.

"The consolidated financial statements that we do are generallyaccepted accounting principles public sector accounting guidelines that areused by federal government, used by the other provinces," he said.

But those accounting practices have received widespread criticism.

"DougHornerhad to go into the chamber of commerce with a bunch of business people who are all saying we can't figure this budget out, you now tell us what is in thereand he was ridiculed," said political science professor DuaneBratt.

Hornerhasa reputation for breaking from tradition including an unusual one practised amongCanadian finance ministers where theypurchase or wear newshoeswhen thebudgetis delivered.

On the eve of the provincial budget he bought new shoes for his three grandsons.

"Rather than me get new shoes, I would do something a little different," he said.

"I did actually get them on a sale."

Although officially just a photo-op,Hornertook the opportunity torejectcriticism the government isn't being clear with its numbers.

One year ago the talk was all about the bitumen bubble the discounted price Alberta gets for its crude oil.

• The bitumen bubble and Alberta's fiscal crisis

But this year that bubble is shrinking, a lower dollar is helping exportsand oil and gas revenues are up.It means Albertanswill likely hear in the budget speech the province has "turned the corner."

Deficit expected again this year

"Based on our projections from the third quarter fiscal update we're going to be running a $3.5 billiondeficit this year," said Derek Fildebrandtof the Canadian Taxpayers Federation.

Analysts say it's critical for the government to balance the books.

"If they come up with another operational deficit the poll numbers that we saw this week are going to get even worse," said Bratt.

The opposition is already sharpening its knives.

"We have countless quotes from her during the leadership race and even immediately after she became premier talking about how her government wouldn't run debt," said Wildrose Party leader Danielle Smith.

Premier Alison Redford seems unfazed.

Late last week she again defended the province's deep plunge back into debt.

"As a typical Albertan I pay for my groceries and I don't borrow to do that. I have a mortgage on my house and that's what we've got on infrastructure," said Redford.

The question is how big the mortgage is going to be.

The Canadian Taxpayers Federation claims the debt is going to grow by $4 billion a year for the next several years numbers the federation says would haveformer premier Ralph Klein spitting mad.