Overview
Alberta is facing headwinds from economic uncertainty and revenue volatility due to international market instability, fluctuating oil prices and a rapidly growing population adding pressure on our public service. Budget 2025 delivers on the government’s commitment to making prudent spending decisions and sustainably delivering programs to Albertans.
What the budget means for you
Budget 2025 works to continue to build the province and support Albertans despite the current challenging situation.
Budget 2025 fulfills the government’s promise to lower personal income taxes by creating a new tax bracket of 8% on the first $60,000 of income.
It continues its important work to refocus the health care system by establishing 4 integrated health agencies to improve outcomes for patients.
And it works to protect Alberta’s advantage by securing the border between Alberta and the US, working to access new markets for energy and mineral resources, and cultivating markets to support agriculture products and value-added processors.
Economic outlook
Stormy skies are on the horizon for Alberta’s economy after ending last year on a solid footing. Last year ended with high employment gains, record oil production and increased investment in non-residential building. However, a significant shift in U.S. trade policy towards stronger protectionist measures puts a damper on the 2025-26 outlook.
Revenue
Alberta’s economic position as a small, open economy with a large natural resource base makes it sensitive to global economic conditions beyond the province. Alberta’s government introduced a renewed fiscal framework in 2023 to help manage volatile and unpredictable government revenue.
Expense
The Government of Alberta is committed to fiscal responsibility, efficient delivery of public services, and focusing on Albertans’ priorities, while transforming our health care system, strengthening education and support to vulnerable Albertans, and keeping communities safe.
Capital Plan
With a total of $26.1 billion allocated over the next 3 years – $1.1 billion more than in Budget 2024 – the 2025 Capital Plan addresses current growth pressures, supports future economic growth and creates additional opportunities for private sector participation.
Watch the news conference
Finance Minister Nate Horner provides details on Budget 2025.
News
- May 14, 2025
Alberta’s Anti-Racism Grant Program supports grassroots and community initiatives to fight racism.
- May 9, 2025
Alberta’s government is supporting apprenticeship training with an investment of $25 million for the expansion of the W.J. Elliott building at Olds College.
- May 5, 2025
Minister of Forestry and Parks Todd Loewen issued the following statement on Alberta Forest Week:
- May 1, 2025
Budget 2025 maintains record-level support for Alberta’s public libraries, helping strengthen community hubs across municipalities and First Nations communities.
- Apr 30, 2025
Alberta’s government is doubling its investments to expand career and employment services across the province.
- Apr 14, 2025
Alberta’s government is investing $100 million to revitalize the Biological Sciences Building at the University of Alberta.
- Apr 11, 2025
Budget 2025 is supporting francophone students with more dollars to support French language programming and new school projects.
- Apr 10, 2025
Budget 2025 includes $20 million to plan new primary care centres that will improve access to essential services across Alberta.
- Apr 10, 2025
Alberta's government is providing a $900,000 boost to the Alberta fire weather network to upgrade equipment, protect at-risk communities and improve wildfire response.
- Apr 8, 2025
Alberta’s Ethnocultural Grant Program supports community-driven multicultural initiatives across the province.