Budget | Alberta.ca

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Learn what you can do to reduce the risk of wildfires and mitigate their impact.</div> </div> </div> </div>  </div>  </nav> <div class="goa-container goa-container--medium goa-background--blue goa-container--header goa-hero goa-hero--marketing goa-hero--large" style="background:linear-gradient(rgba(0, 0, 0, 0), rgba(0, 0, 0, 0.38), rgba(0, 0, 0, 0.75)), url('/system/files/styles/responsive_2080/private/budget-2024-banner.jpg?itok=uu8vPq-S') center center; background-size: cover;"> <div class="goa-wrapper"> <div class="goa-breadcrumbs goa-container"> <ul> <li> <a href="/">Home</a> </li> <li> <a href="/all-services">All services</a> </li> <li> <a href="/about-government">About government</a> </li> <li> <a href="/government-finances">Budget and finance</a> </li> <li> <span>Budget 2024</span> </li> </ul> </div> <div class="goa-column-100-100-100"> <h1 class="goa-marketing-home"> <span>Budget</span> </h1> <h2>Overview</h2> <p class="lede"> Budget 2024 is a responsible plan for a growing province. </p> </div> </div> </div> <div class="goa-pagemenu-wrapper goa-pagemenu-wrapper-marketing"> <div class="goa-section-content"> <div class="goa-section-wrapper"> <div class="goa-pagemenu"> <ul> <li class="active goa-pagemenu-item goa-pagemenu-wrapper-label"> <a href="#">Overview</a> </li> <li class="1 goa-pagemenu-item"> <a href="/budget-highlights">Budget highlights</a> </li> <li class="1 goa-pagemenu-item"> <a href="/economic-outlook">Economic outlook</a> </li> <li class="1 goa-pagemenu-item"> <a href="/revenue">Revenue</a> </li> <li class="1 goa-pagemenu-item"> <a href="/expense">Expense</a> </li> <li class="1 goa-pagemenu-item"> <a href="/capital-plan">Capital Plan</a> </li> </ul> </div> </div> </div> </div> </header> <div data-drupal-messages-fallback class="hidden"></div> <main id='main' role="main"> <div class="field-components"> <div class="goa-background--grey goa-container--small goa-container--strip goa-container--strip-lightblue" id="goa-band29418"> <div class="paragraph paragraph--type--text-block paragraph--view-mode--default goa-column-100-100-100"> <h2>Overview</h2><p>Budget 2024 is a responsible plan to strengthen health care and education, build safe and supportive communities, manage the province’s resources wisely and promote job creation to continue to build Alberta’s competitive advantage. The budget maintains the government’s commitment to fiscal responsibility and efficient delivery of public services while recognizing and addressing the needs of Alberta’s growing population.</p><p>As of the 2024-25 second quarter fiscal update, Alberta’s government is forecasting a surplus of $4.6 billion in 2024-25, $4.2 billion more than estimated in Budget 2024.</p><p>Read the <a href="https://open.alberta.ca/dataset/9c81a5a7-cdf1-49ad-a923-d1ecb42944e4/resource/c5dbf941-9280-4d25-84cf-3f7c29ee7a37/download/tbf-2024-25-second-quarter-fiscal-update-and-economic-statement.pdf" target="_blank">2024-25 Second Quarter Fiscal Update and Economic Statement</a>.</p> </div> </div> <div class="goa-background--white goa-container--medium" id="goa-band29421"> <div class="paragraph paragraph--type--media-block paragraph--view-mode--default goa-column-50-50-100"> <div class="goa-image margin-top"> <img src="/system/files/styles/responsive_1040/private/budget-2024-web-image-family-750x422.jpg?itok=T9eClhpq" alt="An image of a happy family enjoying a meal together." title="budget-2024-web-image-family-750x422" loading="lazy" class="image-style-responsive-1040 img-lazy" decoding="async" loading="lazy"/> </div> </div> <div class="paragraph paragraph--type--text-block paragraph--view-mode--default goa-column-50-50-100"> <h2>What the budget means for you</h2><p>Budget 2024 continues to build a refocused health-care system, so every Albertan has access to the care they need, when and where they need it. Supports for education and social services are helping children, families and the vulnerable. Investments in safe, secure communities will increase public safety and protect Albertans and the environment from potential drought, flood and wildfire conditions.</p><p><a class="goa-cta" href="/budget-highlights">See the budget highlights</a></p> </div> </div> <div class="goa-background--grey goa-container--medium" id="goa-band29424"> <div class="paragraph paragraph--type--text-block paragraph--view-mode--default goa-column-50-50-100"> <h2>Economic outlook</h2><p>Alberta’s economic outlook remains solid, but faces rising risks, including continued volatility in oil prices, geopolitical tensions and protectionist trade policies. Real gross domestic product (GDP) growth is forecast to rise 3% in 2024, then moderate to 2.7% in 2025. Population growth is expected to slow to 2.5% next year, but will continue to outpace employment gains of 2.1%.</p><p><a class="goa-cta" href="/economic-outlook" aria-label="Learn more about the Economic outlook">Learn more</a></p> </div> <div class="paragraph paragraph--type--media-block paragraph--view-mode--default goa-column-50-50-100"> <div class="goa-image margin-top"> <img src="/system/files/styles/responsive_1040/private/budget-2024-web-image-friends-750x422.jpg?itok=MQCZl7OK" alt="An image of two friends spending time together." title="budget-2024-web-image-friends-750x422" loading="lazy" class="image-style-responsive-1040 img-lazy" decoding="async" loading="lazy"/> </div> </div> </div> <div class="goa-background--white goa-container--medium" id="goa-band29427"> <div class="paragraph paragraph--type--media-block paragraph--view-mode--default goa-column-50-50-100"> <div class="goa-image margin-top"> <img src="/system/files/styles/responsive_1040/private/budget-2024-revenue-card-750x422.jpg?itok=2J6EecDo" alt="Four oil workers walk underneath a platform of pipes. They're wearing blue coveralls and white hard hats. There is snow on the ground." loading="lazy" class="image-style-responsive-1040 img-lazy" decoding="async" loading="lazy"/> </div> </div> <div class="paragraph paragraph--type--text-block paragraph--view-mode--default goa-column-50-50-100"> <h2>Revenue</h2><p>Total revenue in 2024-25 is forecast at $77.9 billion, $4.4 billion more than budget, mainly due to higher-than-expected non-renewable resource and personal income tax revenues.</p><p><a class="goa-cta" href="/revenue" aria-label="Learn more about Revenue">Learn more</a></p> </div> </div> <div class="goa-background--grey goa-container--medium" id="goa-band29430"> <div class="paragraph paragraph--type--text-block paragraph--view-mode--default goa-column-50-50-100"> <h2>Expense</h2><p>Total expense is forecast at $73.3 billion, up $0.1 billion from budget. Operating expense is up by $1.2 billion, mainly for physician compensation incentives, AHS service activities, income support program delivery costs, and to address enrolment growth in K to 12 education. Disaster and emergency assistance, primarily for wildfire fighting, is estimated at $0.8 billion.</p><p><a class="goa-cta" href="/expense" aria-label="Learn more about the Tax plan">Learn more</a></p> </div> <div class="paragraph paragraph--type--media-block paragraph--view-mode--default goa-column-50-50-100"> <div class="goa-image margin-top"> <img src="/system/files/styles/responsive_1040/private/budget-2024-web-image-woman-750x422.jpg?itok=l_UT4DoQ" alt="A photo of a woman smiling." title="budget-2024-web-image-woman-750x422" loading="lazy" class="image-style-responsive-1040 img-lazy" decoding="async" loading="lazy"/> </div> </div> </div> <div class="goa-background--white goa-container--medium" id="goa-band29433"> <div class="paragraph paragraph--type--media-block paragraph--view-mode--default goa-column-50-50-100"> <div class="goa-image margin-top"> <img src="/system/files/styles/responsive_1040/private/budget-2024-web-image-yyc-750x422.jpg?itok=1mUTi8sr" alt="A photo of Peace Bridge in Calgary." title="budget-2024-web-image-yyc-750x422" loading="lazy" class="image-style-responsive-1040 img-lazy" decoding="async" loading="lazy"/> </div> </div> <div class="paragraph paragraph--type--text-block paragraph--view-mode--default goa-column-50-50-100"> <h2>Capital Plan</h2><p>The 2024-25 Capital Plan is now forecast at $8.3 billion, which is close to budget. The forecast aligns with the progress of completion and project scheduling, ensuring projects continue to be delivered as committed in Budget 2024.</p><p><a class="goa-cta" href="/capital-plan" aria-label="Learn more about the Capital plan">Learn more</a></p> </div> </div> <div class="goa-background--blue goa-container--medium goa-container--strip goa-container--strip-lightblue" id="goa-band29436"> <div class="paragraph paragraph--type--text-block paragraph--view-mode--default goa-column-50-50-100"> <h2>Budget documents</h2><p>Download detailed documents outlining the government's financial plans.</p><p><a aria-label="Learn more about the Budget documents" class="goa-cta" href="/budget-documents">Learn more</a></p> </div> <div class="paragraph paragraph--type--text-block paragraph--view-mode--default goa-column-50-50-100"> <h2>Related pages</h2><p><a href="/budget-process">Budget process</a></p><p><a href="/budget-2024-consultation" data-entity-type="node" data-entity-uuid="9ded1bae-5851-49ba-bb97-beaaafa72cc9" data-entity-substitution="canonical" target="_self" title="Budget 2024 consultation">Budget 2024 consultation</a></p><p><a href="/government-and-ministry-business-plans">Strategic and ministry business plans</a></p><p><a href="/government-and-ministry-annual-reports">Annual reports</a></p> </div> </div> <div class="goa-background--grey goa-container--medium" id="goa-band29439"> <div class="paragraph paragraph--type--media-block paragraph--view-mode--default goa-column-50-50-100"> <div class="goa-image margin-top"> <div class="goa-video"> <iframe src="https://www.alberta.ca/media/oembed?url=https%3A//www.youtube.com/watch%3Fv%3Dd3X_oIAQDDo&max_width=0&max_height=0&hash=fkxfj8gcRyRba5CRcNPv2CLlRhaMbLh270SSWuJEQQk" frameborder="0" allowtransparency width="200" height="113" class="media-oembed-content" loading="lazy" title="Budget 2024 media briefing and news conference"></iframe> </div> </div> </div> <div class="paragraph paragraph--type--text-block paragraph--view-mode--default goa-column-50-50-100"> <h2 id="video">Watch the news conference</h2><p>Finance Minister Nate Horner provides details on Budget 2024.</p><p><a class="goa-cta" href="https://www.alberta.ca/release.cfm?xID=8983097D382F7-E284-3E07-A74B5E1C1339FBEE">Read the full budget address</a></p> </div> </div> <div class="goa-background--white goa-container--small" id="goa-band29442"> <div class="paragraph paragraph--type--feed-newsroom paragraph--view-mode--default goa-column-100-100-100"> <h2>News</h2> <div class="news-feed"> <div class="rss-subscribe"><a class="button-rss" href="https://www.alberta.ca/NewsRoom/newsroom.cfm?numDaysBack=365&deptID=0&keywordRSS=budget">Subscribe to RSS </a></div> </div> <div id="block-newsfeedblock" class="block block-news-feed-block"> <ul class="goa-news goa-news--release"> <li><div class="goa-date">Nov 21, 2024</div><div class="goa-title"><a href=https://www.alberta.ca/announcements.cfm?xID=913941979FD77-AE69-4474-8115A2BC3FE19AE8>Under pressure </a></div><div class="goa-text"><p>Alberta maintains a balanced budget while ensuring pressures from population growth are being addressed.</p></div></li> <li><div class="goa-date">Oct 22, 2024</div><div class="goa-title"><a href=https://www.alberta.ca/announcements.cfm?xID=91207134F9D5B-CE33-182E-A4C7460281C9A23B>Expanding cardiac services in southern Alberta</a></div><div class="goa-text"><p>Plans for a cardiac catheterization lab at Chinook Regional Hospital in Lethbridge are advancing to functional programming.  </p></div></li> <li><div class="goa-date">Oct 8, 2024</div><div class="goa-title"><a href=https://www.alberta.ca/announcements.cfm?xID=911174A33EE7D-B555-5B9B-4CA4512D6EDEB6EC>Funding boost for municipal infrastructure</a></div><div class="goa-text"><p>Through Alberta’s new funding formula, municipalities across the province will receive more infrastructure funding for the 2025-26 fiscal year.</p></div></li> <li><div class="goa-date">Sep 26, 2024</div><div class="goa-title"><a href=https://www.alberta.ca/announcements.cfm?xID=91059D7739A67-9030-D87B-8A55F791F1842997>Lowering costs for municipalities</a></div><div class="goa-text"><p>Alberta is lowering the cost of borrowing for municipalities, enabling them to invest more in services and infrastructure.</p></div></li> <li><div class="goa-date">Sep 18, 2024</div><div class="goa-title"><a href=https://www.alberta.ca/announcements.cfm?xID=9100846D05CCD-AAAD-9C74-59D89FAFBE560E5E>Movie star treatment for Alberta screen producers | Traitement de vedette pour les producteurs de l’Alberta </a></div><div class="goa-text"><p>Grants from Alberta’s government help roll out the red carpet for the province’s film and television industry.</p></div></li> <li><div class="goa-date">Aug 29, 2024</div><div class="goa-title"><a href=https://www.alberta.ca/announcements.cfm?xID=9090134B79AAD-B19D-7405-F6862C38E237E889>Q1 update: Cautious optimism for a strong future | Le point sur le premier trimestre : un optimisme prudent pour un avenir prometteur</a></div><div class="goa-text"><p>Alberta is carefully managing its finances to ensure supports for Albertans are available now and into the future.</p></div></li> <li><div class="goa-date">Aug 28, 2024</div><div class="goa-title"><a href=https://www.alberta.ca/announcements.cfm?xID=9089304672067-FDEC-1C39-90E7F72452FF2B6D>Funding sparks prosperity for Alberta’s non-profits | Le financement stimule la prospérité des organismes sans but lucratif de l'Alberta</a></div><div class="goa-text"><p>Alberta’s government is providing more than $12 million to 248 non-profit initiatives to help build strong and vibrant communities across the province.</p></div></li> </ul> <a class="goa-news-see-all" href="https://www.alberta.ca/news.aspx">See all news</a> </div> </div> </div> </div> </main> <footer class="goa-footer goa-footer--border"> <div 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