Coming off a year of depressed oil prices, Alberta is forecasting a deficit for the coming fiscal year that would rival some of the steepest shortfalls of the past decade.

Alberta Finance Minister Nate Horner on Thursday tabled the province’s budget with a forecasted $9.3-billion deficit, his second-consecutive budget to put the province in the red after several years of large surpluses.

The budget will break a law implemented by Premier Danielle Smith’s own government three years ago that aimed to prohibit deficits, except under exceptional circumstances.