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, would help government make spending decisions that support long-term sustainability of the government programs and services that are important to Albertans.
Resources
Expense summary
Budget 2023 is investing in Alberta’s health-care system by increasing operating expense by $965 million from the 2022-23 forecast and putting forward a Healthcare Action Plan for the future of health care in the province.
Affordability for Albertans is front and centre with $2.3 billion in measures included in 2023-24 to help offset rising prices.
Alberta businesses are hiring and the province must focus on training an effective workforce, including expanding access to training opportunities for rural Albertans.
Budget 2023 also focuses on Alberta’s justice system and public safety with additional investments supporting a fair and accessible justice system for Albertans, and providing more funding for correctional services, sheriffs, and policing.
Table 1. Expense summary (millions of dollars)
| Expense items | 22-23 Budget |
22-23 Forecast |
23-24 Estimate |
24-25 Target |
25-26 Target |
|---|---|---|---|---|---|
| Operating expense: | |||||
| - Health | 21,927 | 23,568 | 24,533 | 25,443 | 26,041 |
| - Kindergarten to Grade 12 | 8,403 | 8,477 | 8,836 | 9,036 | 9,162 |
| - Post-secondary | 5,346 | 5,422 | 5,604 | 5,730 | 5,862 |
| - Social service ministries | 8,561 | 9,263 | 10,081 | 9,908 | 10,282 |
| - Other ministries / Legislative Assembly | 7,250 | 8,654 | 7,984 | 7,932 | 7,853 |
| Operating expense | 51,487 | 55,384 | 57,038 | 58,049 | 59,200 |
| Capital grants | 2,429 | 1,845 | 2,821 | 3,209 | 3,274 |
| Amortization / inventory consumption / loss on disposals | 4,057 | 4,480 | 4,397 | 4,460 | 4,509 |
| - Debt servicing | 2,662 | 2,715 | 2,848 | 2,805 | 3,103 |
| - Pension provisions | (289) | (111) | (322) | (336) | (347) |
| Contingency / disaster and emergency assistance / COVID-19 | 1,750 | 1,322 | 1,500 | 1,500 | 1,500 |
| Total expense | 62,096 | 65,635 | 68,282 | 69,687 | 71,239 |
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.