Alberta’s economic outlook is slightly more positive than reported in 2020. Alberta’s economy (measured by real Gross Domestic Product, or GDP), is expected to partially rebound by 4.8% in 2021. The economy is now expected to reach pre-COVID levels in 2022.
While Alberta’s revenue has been negatively impacted by the pandemic and reduced energy demand, it is starting to grow again. Provincial revenue is projected to be $43.7 billion in 2021-22, an increase of 3.3% from the forecast for 2020-21.
Budget 2021 is making the right investments. The fiscal plan ensures the health care system can continue to manage the COVID-19 pandemic, helps support measures that will drive long-term economic recovery for a financially sustainable future, and ensures efficient delivery of services to Albertans.
The Capital Plan remains a key element of the government’s recovery strategy. The 3-year plan will support tens of thousands of jobs and invest in strategic infrastructure projects that will help spur economic growth.
What Budget 2021 means for you
Budget 2021 continues to provide social supports for those who need them, including children, families, seniors and vulnerable Albertans. It maintains funding for all current programs, including income and employment support, disability services and help for people experiencing homelessness or fleeing violence.
Download detailed documents outlining the government's financial plans.
Watch the news conference
Finance Minister Travis Toews provides details on Budget 2021.
- April 28, 2021
Patients facing serious heart and other medical conditions will benefit from an expanded ICU and coronary care unit at Calgary’s Rockyview hospital thanks to a $59-million commitment from Budget 2021.
- April 19, 2021
President of Treasury Board and Minister of Finance Travis Toews issued the following statement on the federal government’s 2021-22 budget:
- April 8, 2021
Alberta’s government is providing $20 million in funding to support research and development in vaccines and curing disease.
- March 29, 2021
Constructing a new Court of Appeal facility and restoring the historic court building in Calgary will protect livelihoods by improving access to justice and supporting about 570 construction-related jobs.
- March 26, 2021
A $33-million one-time commitment from Budget 2021 will drive down wait times for Albertans needing non-emergency CT scans and MRIs in public hospitals and spark innovation to provide the best patient care.
- March 23, 2021
Budget 2021 provides an additional $5 million to help train commercial Class 1 drivers and protect livelihoods.
- March 17, 2021
A $50-million commitment from Alberta’s government will modernize and improve rural health facilities across the province to ensure all Albertans have access to top-quality health services.
- March 12, 2021
Budget 2021 spends $3 billion over three years to extend the life of key provincial infrastructure and protect livelihoods across Alberta.
- March 10, 2021
Fourteen new school projects will provide new and improved student spaces, create jobs and revitalize Alberta communities.
- March 8, 202190,000 jobs to be created with record capital investments | 90 000 emplois seront créés grâce à des investissements record en immobilisation
Alberta’s 2021 Capital Plan spends $20.7 billion over three years to create 90,000 jobs and protect Albertans’ livelihoods as part of Alberta’s Recovery Plan.