Services and information
An overview of the Budget 2020 plan to get Albertans back to work and revitalize our economy.
A summary of Alberta’s Budget 2020 economic forecast.
Updated government projections of revenue from taxes, non-renewable resources, federal transfers and investment income.
A summary of Alberta’s Budget 2020 Tax Plan.
The 2020 Capital Plan provides the public infrastructure families and communities need.
Spending information and program details for health and education.
Budget 2020 maintains budgets for health, education and core social services. We remain focused on creating jobs, growing our economy, and streamlining programs to ensure a sustainable future.
Our plan to get spending under control is working – we’re on track to balance the budget by 2022-23 and we’re bringing down the deficit faster than expected. We continue to stand up for Alberta by seeking a fair deal and increased provincial power within confederation.
Health and education
Budget 2020 maintains budgets at record levels for health and education. We’re refocusing how dollars are spent to make sure services get to the people they’re meant to serve.
An additional $500 million has been committed to respond to the COVID-19 public health crisis to support front-line health professionals working to keep Albertans safe and healthy.
Economic outlook
Alberta's economy is expected to regain its footing in 2020 after a period of weakness in 2019. Our economic forecast for 2020 and beyond reflects an anticipated rebound in oil production and business investment.
Revenue
Total revenue is forecast to remain flat at $50 billion in 2020-21 and then grow to $58.1 billion in 2022-23. Growth is projected to grow 7.8% in 2022-23 as pipelines come online, oil sands production continues to expand and new investment increases and oil prices and exports rise.
Tax plan
We are committed to reducing the tax burden on Albertans and creating a business climate that supports job creators. This low-rate, broad-based tax approach will level the playing field for all job creators, rather than a select few and continue to make Alberta one of the most competitive places to invest in North America.
Capital plan
We are accelerating our Capital Plan, with a focus on infrastructure that advances jobs and economic growth. The plan honours previous commitments to build and maintain key infrastructure projects and introduces new projects that will create opportunities for private sector participation and support job creation.
Watch the news conference
Finance Minister Travis Toews provides details on Budget 2020.
News
- May 12, 2020
Budget 2020 confirms government’s commitment to the Springbank Off-Stream Reservoir (SR1) as an essential part of flood protection for Calgary and southern Alberta.