Budget 2023 consultation
We want to hear your priorities for Budget 2023 to help your family, business and community succeed and thrive.
Budget 2023 is an opportunity to keep more money in your pockets, improve our health-care system, create jobs and grow our economy – and continue to stand up for Albertans.
You can have your say through an online survey by January 15, 2023 and attend telephone town halls on December 19 or 20, 2022, to share your ideas directly with Finance Minister Travis Toews.
Budget 2022
Budget 2022 is moving Alberta forward by strengthening our health-care system, getting more Albertans to work, and bringing Alberta’s balance sheet back into the black.
The budget builds a strong health-care system to keep fighting the pandemic and expand capacity for all Albertans on a permanent basis. Alberta Health’s total operating expense budget will grow by a total of $1.8 billion by 2024-25.
A new initiative called Alberta at Work will help Albertans take advantage of our economic growth and prosperity and give them more opportunities to build their skills, pursue their passions and support themselves and their families.
For the first time in over a decade, Alberta is presenting a balanced budget and targeting modest surpluses for each of the next 3 fiscal years.
Mid-Year fiscal update
With robust oil prices boosting revenue and activity in the energy sector, Alberta’s economic prospects remain solid. Continued strong economic activity has sustained a forecast surplus of $12.3 billion, enabling the province to commit $2.8 billion over three years towards affordability measures to help Albertans with the rising costs of living. Alberta continues to pay down its debt and invest in savings to keep the province in a strong position to respond to a potential future global recession.
2022-23 Mid-year Fiscal Update and Economic Statement
Q2 Update: Strong economy, strong Alberta (Nov. 24, 2022)
Economic outlook
The economic landscape has changed significantly since Budget. Russia’s invasion of Ukraine in late February and resulting disruptions and sanctions against Russia have propelled energy prices. This has boosted revenues and activity in the energy sector.
Revenue
The 2022-23 first quarter revenue forecast has dramatically changed, with West Texas Intermediate oil prices now expected to be over US$22 per barrel higher than estimated in Budget 2022, and resource revenue up $14.6 billion.
Expense
Alberta is making the right investments. The fiscal plan provides the health-care system with more capacity, funds improved training and employment programs and helps employers fill their vacancies.
Capital plan
The 3-year plan will support tens of thousands of jobs and invest in strategic infrastructure projects that will expand capacity in the health system, support Albertans in developing their skills and attract private sector investment.
What Budget 2022 means for you
Budget 2022 continues to provide social supports for those who need them, including children, families, seniors and vulnerable Albertans. It will also make strategic investments in agriculture and the environment, help students overcome pandemic setbacks and get more Albertans working.
Watch the news conference
Finance Minister Travis Toews provides details on Budget 2022.
News
- November 7, 2022
Alberta’s government wants to hear from Albertans as Budget 2023 is prepared.
- October 5, 2022
Alberta’s government has increased the tariff, financial eligibility guidelines and block billing by 8.225 per cent for the balance of this fiscal year until permanent changes can be determined.
- September 20, 2022
Eligible operators can apply for a one-time grant through the Continuing Care Capital Program to replace, upgrade or renovate existing aged continuing care homes.
- August 31, 2022
Strong economic activity this year will see Alberta make historic investments in savings and debt reduction.