Overview
Budget 2024 is a responsible plan for a growing province. It maintains the government’s commitment to fiscal responsibility and efficient delivery of public services while focusing on Albertans’ priorities.
Budget 2024 includes funding to strengthen health care and education, support vulnerable Albertans, keep our communities safe, responsibly manage and develop our resources and grow Alberta’s economy.
Resources
Expense summary
Alberta’s government continues to apply a prudent and targeted approach to spending. Operating expense will increase by 3.9% in 2024-25 and rise at a modest pace averaging 2.2% over the next 2 years.
Table 1. Expense summary (millions of dollars)
| Expense items | 2023-24 Budget | 2023-24 Forecast | 2024-25 Estimate | 2025-26 Target | 2026-27 Target |
|---|---|---|---|---|---|
| Operating expense: | |||||
| - Health | 24,533 | 25,112 | 26,207 | 26,862 | 27,534 |
| - Kindergarten to Grade 12 | 8,836 | 8,859 | 9,252 | 9,471 | 9,561 |
| - Post-secondary | 5,779 | 6,116 | 6,305 | 6,471 | 6,598 |
| - Seniors, Community and Social Services | 5,252 | 5,271 | 5,229 | 5,392 | 5,558 |
| - Other ministries / Legislative Assembly | 12,638 | 12,518 | 13,131 | 13,399 | 13,547 |
| Operating expense | 57,038 | 57,876 | 60,124 | 61,595 | 62,798 |
| Capital grants | 2,821 | 2,375 | 3,469 | 3,576 | 3,863 |
| Amortization / inventory consumption / loss on disposals | 4,418 | 4,419 | 4,576 | 4,695 | 4,720 |
| - Debt servicing | 2,848 | 3,136 | 3,365 | 3,121 | 3,174 |
| - Pension provisions | (322) | (358) | (364) | (373) | (378) |
| Contingency | 1,500 | - | 2,000 | 2,000 | 2,000 |
| Total expense | 68,303 | 70,394 | 73,170 | 74,614 | 76,176 |
More budget information
Find out what Budget 2024 means for you.
A summary of Alberta's Budget 2024 economic forecast.
Revenue projections from taxes, transfers, investment income and resources.
Budget 2024 invests in the infrastructure families and communities need.