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COVID-19 Updates: State of public health emergency declared.

Overview

As of the first quarter fiscal update, total expense in 2021-22 is forecast to be $62.7 billion, an increase of $821 million from Budget 2021. Most changes have been from revenue increases, for disasters, or are offset by savings or contingency allocations. Alberta continues to provide significant funding for COVID-19 and economic recovery initiatives.

Download: 2021-22 First Quarter Fiscal Update and Economic Statement (PDF, 1.1 MB)

Expense summary

Capital grants have increased by $372 million from the budget, primarily from increased and re-profiled federal transfers. $400 million has been added as a provision for anticipated crop insurance payments due to drought conditions. Other increases are largely offset by decreases in other expense, or by allocation from the budgeted contingency.

Table 1. Expense (millions of dollars)

Source: Treasury Board and Finance
Expense items 2020-21 Actual 2021-22 Estimate 2021-22 Forecast Change from Budget
Operating expense 46,205 48,280 48,468 188
Capital grants 1,752 2,608 2,736 128
Amortization/ inventory consumption/ loss on disposals 3,659 4,009 3,847 (162)
Taxpayer-supported debt servicing costs 2,333 2,323 2,120 (203)
Self-supported debt servicing costs 153 441 443 2
Pension provisions (282) (369) (367) 2
Expense (excluding COVID-19/ Recovery Plan, contingency, crude-by-rail) 53,820 57,294 57,247 (47)
COVID-19/ Recovery Plan:

Operating expense

4,059 919 2,002 1,083

Capital grants

649 196 440 244

Inventory consumption (PPE)

402 33 89 56
Contingency/ disaster and assistance 721 750 1,150 400
Contingency – Unallocated COVID-19/ Recovery Plan 1,750 835 (915)
Crude-by-rail provision 443 976 976
Total expense 60,099 61,918 62,739 821

Budget documents

More budget information

Find out what Budget 2021 means for you.

A summary of Alberta's Budget 2021 economic forecast.

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

Budget 2021 invests in the infrastructure families and communities need.