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Overview

Budget 2022 moves Alberta forward by building health system capacity, getting more Albertans to work and putting forward a balanced budget for only the second time in 15 years.

The budget includes a new initiative called Alberta at Work, which will create pathways to success for all Albertans, no matter where they are on their career path.

Expense summary

The government is making a record-high health-care investment to expand system capacity and keep fighting the pandemic. Alberta Health’s total operating expense budget is growing by $600 million this year, and it will grow by a total of $1.8 billion by 2024-25.

Budget 2022 moves Alberta forward with a package of new post-secondary education, skills training opportunities and employment programs.

More than $600 million in funding over 3 years for Alberta at Work will connect more young people with employment, address barriers to entry for women, Indigenous peoples and other under-represented groups, and help Albertans who are unemployed get back to work. This initiative brings together new and existing programs to build Albertans’ skills to meet current and future labour market demands and, where necessary, attract more skilled workers to the province.

Overall, the government has kept operating expenses relatively flat over the past several years to help maximize the efficiency of its service delivery. This was a response to the Mackinnon Panel report, which concluded that although Alberta has historically spent more on its programs and services, outcomes were no better than in other provinces. In other words, Albertans were not getting fair value for their tax dollars.

Table 1. Budget 2022 Expense (billions of dollars – totals may not add due to rounding)

Source: Treasury Board and Finance
Expense items 2020-21 Actual 2021-22 Budget 2021-22 Forecast 2022-23 Estimate 2023-24 Target 2024-25 Target
Operating expense by ministry:
- Health 20,285 21,418 21,503 22,018 22,618 23,218
- Kindergarten to Grade 12 7,707 8,248 8,252 8,390 8,517 8,549
- Post-secondary 5,132 5,044 5,233 5,444 5,521 5,619
- Social services ministries 7,139 7,623 7,523 7,820 7,876 7,990
- Other ministries 5,941 5,948 6,477 6,462 6,412 6,425
Operating expense (excl. COVID, Recovery Plan, Early Learning & Child Care, crude-by-rail) 46,205 48,280 48,988 50,134 50,944 51,801
Canada-Alberta ELCC Agreement - - 134 666 823 992
Capital grants (excl. COVID, Recovery Plan) 1,752 2,608 2,203 2,148 2,427 2,597
Amortization / inventory consumption (excl. COVID, loss on disposals) 3,659 4,009 3,753 4,057 4,161 4,182
- Debt servicing 2,486 2,764 2,401 2,662 2,754 2,837
- Pension provisions (282) (369) (363) (289) (299) (309)
Total expense (excl. COVID, Recovery Plan, contingency and CBR) 53,820 57,294 57,116 59,378 60,810 62,100
COVID / Recovery Plan: Operating expense 4,059 919 2,636 687 474 153
COVID / Recovery Plan: Capital grants, inventory consumption 1,051 229 900 281 168 148
Contingency: COVID - 1,250 - 750 - -
Contingency: Recovery Plan - 500 213 - - -
Contingency: Disaster and emergency assistance 721 750 3,109 1,000 750 750
CBR provision 443 976 925 - - -
Total expense 60,099 61,918 64,899 62,096 62,202 63,151

Budget documents

More budget information

Find out what Budget 2022 means for you.

A summary of Alberta's Budget 2022 economic forecast.

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

Budget 2022 invests in the infrastructure families and communities need.