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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
- Nov 27, 2025
Alberta is advancing jobs, infrastructure and growth as global trade tensions, lower oil prices and ongoing economic uncertainty put pressure on the province’s finances.
- Nov 14, 2025
Starting today, Albertans can share their thoughts on budget priorities as part of the province’s consultations on Budget 2026.
- Oct 29, 2025
To help schools address classroom complexity, Alberta’s government will begin collecting annual data on class size and composition.
- Oct 9, 2025
Alberta’s government is upgrading medical device reprocessing departments across the province to strengthen surgical care.
- Sep 17, 2025
Alberta’s government supported more than 20 festivals in Edmonton this summer, drawing thousands of visitors and showcasing the city’s vibrant arts and culture scene.
- Aug 28, 2025
Despite global economic challenges, Alberta remains resilient, prepared to make tough yet prudent choices to support families.