Overview
Budget 2023 secures Alberta's future by continuing to prioritize fiscal responsibility and living within our means. A new fiscal framework, including balanced budget legislation, helps government make spending decisions that support long-term sustainability of the government programs and services that are important to Albertans.
The government’s latest budget update is now available online. Read the 2023-24 Mid-year Fiscal Update and Economic Statement (PDF, 1 MB).
Resources
2023-24 mid-year update
Total expense is forecast at $68.8 billion in 2023-24, $4.3 billion more than 2022-23 and $481 million more than estimated in Budget 2023. About $1.4 billion in expense increases are forecast as a preliminary allocation from the $1.5 billion budgeted contingency, leaving $123 million unallocated.
Table 1. Expense summary (millions of dollars)
Expense items | 22-23 Actual | 23-24 Budget | 23-24 Forecast | Change from Budget | 2024-25 Target | 2025-26 Target |
---|---|---|---|---|---|---|
Operating expense: | ||||||
- Health | 23,438 | 24,533 | 24,834 | 301 | 25,683 | 26.300 |
- Kindergarten to Grade 12 | 8,329 | 8,836 | 8,866 | 30 | 9,036 | 9,162 |
- Post-secondary | 5,716 | 5,779 | 5,827 | 48 | 5,919 | 6,052 |
- Seniors, Community and Social Services | 4,816 | 5,252 | 5,183 | (69) | 5,159 | 5,335 |
- Other ministries / Legislative Assembly | 12,438 | 12,638 | 12,647 | 8 | 12,784 | 12,724 |
Operating expense | 54,737 | 57,038 | 57,357 | 318 | 58,581 | 59,573 |
Capital grants | 1,525 | 2,821 | 2,841 | 20 | 3,563 | 3,508 |
Amortization / inventory consumption / loss on disposals | 4,090 | 4,418 | 4,418 | - | 4,481 | 4,531 |
- Debt servicing | 2,829 | 2,848 | 3,157 | 309 | 3,253 | 3,398 |
- Pension provisions | (21) | (322) | (341) | (19) | (358) | (370) |
Disaster and emergency assistance | 1,319 | - | 1,229 | 1,229 | ||
Contingency | - | 1,500 | 123 | 1377 | ||
Total expense | 64,479 | 68,303 | 68,784 | 481 | 71,020 | 72,140 |
More budget information

Find out what Budget 2023 means for you.

A summary of Alberta's Budget 2023 economic forecast.

Revenue projections from taxes, transfers, investment income and resources.

Budget 2023 invests in the infrastructure families and communities need.