Prentice told the legislature today his government is committed primarily to finding economies within its own departments.
He says he is heartened by a report from Moody's Investors that shows Alberta and Saskatchewan are in the best financial position to weather low prices.
Oil prices have been free-falling since the summer and now hover in the $60 per barrel range.
The province had been forecasting oil to stay around $75 a barrel for the rest of the fiscal year to help keep the budget balanced.
Infrastructure Minister Manmeet Bhullar (MUN'-meet BYOO'-lahr) says despite the price drop, he is confident the province will still build the 230 new schools it has promised.
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