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EMERGENCY: Alberta has declared a Public Health Emergency to protect the health care system from COVID-19. Indoor social gatherings are the top source of transmission. All indoor social gatherings have now been banned. This ban will be enforced with $1,000 fines. Learn more

Budget 2020

A plan for jobs and the economy.

Services and information

An overview of the Budget 2020 plan to get Albertans back to work and revitalize our economy.

A summary of Alberta’s 2020-21 Mid-year Economic Statement.

Government projections of revenue from taxes, non-renewable resource transfers and investment income.

A summary of Alberta’s tax plan.

The 2020 Capital Plan provides the public infrastructure families and communities need.

Spending information and program details for health and education.

Since Budget 2020 was released in February, Alberta has experienced an unprecedented economic impact from the COVID-19 pandemic and global oil price crash.

The Mid-year Fiscal Update and Economic Statement (PDF, 1.5 MB) shows that despite pandemic costs, the government is continuing to be fiscally responsible.

The government is committed to making the investments needed to kick-start Alberta’s economic recovery. The Alberta Recovery Plan builds on work started in Budget 2020 and will help create jobs for Albertans.

Economic outlook

As a result of the pandemic and decline in oil prices, Alberta’s economy (measured by real Gross Domestic Product, or GDP), is expected to contract by 8.1% in 2020. This decline is expected to be followed by a partial rebound of 4.4% in 2021.

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Oil workers walking in a field with a pumpjack

Revenue

Alberta’s revenue has been negatively impacted due to lower income taxes and resource revenue. Provincial revenue is projected to be $41.4 billion in 2020-21, or $8.6 billion lower than estimated in Budget 2020.

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Tax plan

The government is committed to reducing the tax burden on Albertans and creating a business climate that supports job creators. This low-rate, broad-based tax approach will level the playing field for all job creators and help make Alberta one of the most attractive places to invest in North America.

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Photo of an overpass

Capital plan

We are accelerating our Capital Plan, with a focus on infrastructure that advances jobs and economic growth. The plan honours previous commitments to build and maintain key infrastructure projects and introduces new projects that will create opportunities for private sector participation and support job creation.

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Health and education

Budget 2020 maintains budgets at record levels for health and education. We’re refocusing how dollars are spent to make sure services get to the people they’re meant to serve.

An additional $500 million has been committed to respond to the COVID-19 public health crisis to support front-line health professionals working to keep Albertans safe and healthy.

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Budget documents

Download detailed documents outlining the government's financial plans.

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Watch the news conference

Finance Minister Travis Toews provides details on Budget 2020.

Read the budget address

News