Overview

Alberta’s economic position as a small, open economy with a large natural resource base makes it sensitive to global economic conditions beyond the province. Alberta’s government introduced a renewed fiscal framework in 2023 to help manage volatile and unpredictable government revenue.

Resources

Forecast

Total revenue in 2026-27 is forecast at $74.6 billion. This is a decrease of $800 million over what was forecast in Budget 2025, primarily due to ongoing global economic, trade and geopolitical uncertainties that continue to impact major sources of revenue.

Table 1. Total revenue (millions of dollars)

Source: Treasury Board and Finance
Revenue sources2024-252025-262026-27
ActualBudgetForecastEstimate
Tax revenue30,35628,83728,79430,470
Non-renewable resource revenue21,98617,06716,28613,213
Federal transfers12,61813,30513,56613,715
Fund assets/investment income6,8564,8996,7626,979
Other income10,65310,0309,88510,173
Total revenue82,46974,13875,29274,550

Non-renewable resource revenue

Non-renewable resource revenue in 2026-27 is estimated at $13.2 billion – 18% of total revenue. This is a $3.1 billion decrease from the $16.3 billion forecast for 2025-26 due to economic uncertainty and falling oil prices.

Western Texas Intermediate (WTI) is expected to average US$60.50 per barrel in 2026-27, $1 per barrel lower than 2025-26, then increase to US$67 per barrel by 2027-28.

Table 2. Non-renewable resource revenue (millions of dollars)

Source: Treasury Board and Finance
Revenue sources2024-252025-262026-27
ActualBudgetForecastEstimate
Bitumen royalty17,16712,83012,6699,688
Crude oil royalty3,0372,5102,3172,120
Natural gas and by-products royalty1,2201,228730942
Bonuses and sales of Crown leases385361406331
Rentals and fees/coal royalty178138163131
Total resource revenue21,98617,06716,28513,213

Tax revenue

Tax revenue is forecast at $30.5 billion in 2026-27 – 41% of total revenue. This is $100 million higher than in 2024-25.

Revenue from personal income tax is forecast to increase $1.2 billion, while corporate income tax revenue is projected to decrease $100 million from 2025-26. However, other tax revenue is forecast to increase $600 million, mainly as a result of increased education property tax.

Table 3. Tax revenue (millions of dollars)

Revenue sources2024-252025-262026-27
ActualBudgetForecastEstimate
Personal income tax16,12015,51014,77115,933
Corporate income tax8,1256,7647,4207,300
Education property tax2,7973,1243,1243,592
Other tax revenue3,3143,4393,4793,645
Total tax revenue30,35628,83728,79430,470

Budget documents

Budget 2026 Fiscal Plan

Budget address

Budget documents

Business plans

More budget information

Budget highlights

Find out what Budget 2026 means for you.

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Economic outlook

A summary of Alberta's Budget 2026 economic forecast.

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Capital Plan

Budget 2026 invests in the infrastructure families and communities need.

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Expense

Summary of government spending according to Budget 2026.