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COVID-19 updates:

Budget 2021 is focused on what matters most: protecting lives and livelihoods as we face one of the most difficult times in our history.

We will spend a record $23 billion on health care and there's an additional $1.25 billion specifically to fight the pandemic.

The budget will also support jobs now and into the future. Over the next 3 years, we will spend $1.5 billion to develop key sectors and diversify the economy, and $20.7 billion to build new roads, schools and hospitals.

Over the course of the fiscal plan, our approach to responsible and stable spending will also help bring down overall per capita expense.

Economic outlook

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.

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Revenue

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.

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Expense

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.

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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.

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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.

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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 2021.

Read the budget address

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