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.
- July 29, 2021
Alberta’s government is planning a new stand-alone Stollery Children’s Hospital in Edmonton with more beds and increased access to quality care for kids.
- June 30, 2021
Alberta’s fiscal performance improved late last fiscal year with a smaller deficit resulting from both higher revenue and lower spending than predicted in the previous forecast.
- June 17, 2021
A historic legislative session strengthens Alberta’s democracy and its position as the best place to live, grow and raise a family.
- May 28, 2021
As part of the plan to help the tourism sector recover, Alberta’s government is increasing funding to support Indigenous tourism experiences across the province.
- May 18, 2021
More people from Alberta and Saskatchewan will soon have access to a new six-station kidney dialysis unit in the border community of Lloydminster.
- 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.