COVID-19 Updates: State of public health emergency declared.
- Public health restrictions to reduce transmission are now in effect.
- Book your vaccine: Everyone 12+ can get first and second doses now.
- Get the facts: Vaccines are safe and save lives.
Budget 2021 is focused on what matters most: protecting lives and livelihoods as we face one of the most difficult times in our history.
As of the first quarter fiscal update, Alberta’s government is spending $3.4 billion this year for COVID-19 and recovery related initiatives. Over the next 3 years, we will spend approximately $21 billion to build new roads, schools and hospitals.
Read the 2021-22 First Quarter Fiscal Update and Economic Statement (PDF, 1.1 MB).
Economic outlook
Alberta’s economic outlook is more positive than initially reported in the budget. Alberta’s economy (measured by real Gross Domestic Product, or GDP) is expected to grow by 6.7% in 2021 and many private sector forecasters expect Alberta to lead the nation in growth this year.
Revenue
Alberta’s revenue forecast has improved since the budget was introduced. Oil prices strengthened faster than expected, and economic growth is lowering unemployment and increasing exports.
Expense
Alberta 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.
Capital plan
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.
Watch the news conference
Finance Minister Travis Toews provides details on Budget 2021.
News
- August 31, 2021
The government’s economic outlook has dramatically improved over the first three months of the fiscal year, confirming that Alberta’s Recovery Plan to diversify the economy and create jobs is working.
- 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.