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.
Resources
2022-23 First quarter update
Total expense of $62.7 billion is forecast, an increase of $0.6 billion from budget. About half of the increase is for the cost of selling oil, offset by higher resource revenue, and most of the remainder is for re-profiling of the site rehabilitation program, fully offset by federal transfers. The $0.3 billion expense to extend electricity rebates is being funded from the budgeted contingency.
Table 1. Expense (millions of dollars)
| Expense items | 2021-22 Actual | 2022-23 Estimate | 2022-23 Forecast | Change from Budget |
|---|---|---|---|---|
| Operating expense by ministry: | ||||
| - Health | 21,302 | 22,018 | 22,018 | - |
| - Kindergarten to Grade 12 | 7,846 | 8,390 | 8,442 | 52 |
| - Post-secondary | 5,280 | 5,444 | 5,435 | (9) |
| - Social service ministries | 7,410 | 7,820 | 7,825 | 5 |
| - Other ministries | 6,722 | 6,462 | 7,052 | 590 |
| Operating expense (excl. COVID, Recovery Plan, Early Learning & Child Care, crude-by-rail) | 48,560 | 50,134 | 50,772 | 638 |
| Canada-Alberta ELCC Agreement | 104 | 666 | 666 | 0 |
| Capital grants (excl. COVID, Recovery Plan) | 2,118 | 2,148 | 2,189 | 41 |
| Amortization / inventory consumption (excl. COVID, loss on disposals) | 3,620 | 4,057 | 4,011 | (46) |
| - Debt servicing | 2,641 | 2,662 | 2,684 | 22 |
| - Pension provisions | (365) | (289) | (289) | 0 |
| Total expense (excl. COVID, Recovery Plan, contingency and CBR) | 56,678 | 59,378 | 60,033 | 653 |
| COVID / Recovery Plan: Operating expense | 2,812 | 687 | 985 | 298 |
| COVID / Recovery Plan: Capital grants, inventory consumption | 949 | 281 | 314 | 33 |
| Contingency: COVID/Recovery Plan | - | 750 | 699 | (51) |
| Contingency: Disaster and emergency assistance | 3,076 | 1,000 | 700 | (300) |
| CBR provision | 866 | - | 0 | 0 |
| Total expense | 64,378 | 62,096 | 62,731 | 635 |
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.