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.
Economic outlook
Alberta’s economic recovery from the global pandemic and the oil price crisis far exceeded expectations last year, and the province’s growth will be at or near the top of all provinces this year.
Revenue
Economic growth and job gains will help drive the province’s revenue up from an estimated $61.7 billion in 2021-22 to an estimated $63.9 billion in 2024-25.
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
- June 29, 2022
The upcoming natural gas rebate will support more than 1.6 million homes, farms and businesses facing high heating bills next winter.
- June 28, 2022
A strong end to the 2021-22 fiscal year moves Alberta forward with continued economic growth, lower debt and increased savings.
- May 31, 2022
More patients will benefit from a state-of-the-art neurosciences intensive care unit (neuro ICU) and more than double the number of current ICU spaces at the University of Alberta Hospital Brain Centre.
- May 27, 2022
Almost 10,000 additional students will participate in high-demand post-secondary programs to meet labour market needs as part of the Alberta at Work initiative.
- May 27, 2022
The 2022 highway construction season is underway with nearly $1.4 billion being invested in 300 capital and highway improvement projects employing 12,000 Albertans.
- May 27, 2022
Albertans will soon be able to enjoy new water features at the Alberta legislature grounds after $20 million in renewal work is completed.
- May 25, 2022
Creating 100 new emergency medical services (EMS) positions and extending 70 temporary positions will put 19 new ambulances and five support vehicles on the streets.
- May 17, 2022
Alberta’s government is committed to attracting more big and small screen productions to Alberta, creating jobs and diversifying the economy.
- April 14, 2022
Alberta’s government is ensuring Albertans and their families will have access to a world-class culinary program at SAIT now and long into the future.