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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.

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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.

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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.

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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.

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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.

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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 2022.

Read the full budget address

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