COVID-19 Updates: State of public health emergency declared.
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)
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)
|Expense items||2020-21 Actual||2021-22 Estimate||2021-22 Forecast||Change from Budget|
|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|
|Expense (excluding COVID-19/ Recovery Plan, contingency, crude-by-rail)||53,820||57,294||57,247||(47)|
|COVID-19/ Recovery Plan:|
Inventory consumption (PPE)
|Contingency/ disaster and assistance||721||750||1,150||400|
|Contingency – Unallocated COVID-19/ Recovery Plan||–||1,750||835||(915)|
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.