Overview
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.
What the budget means for you
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.
Economic outlook
Alberta’s economic outlook remains strong, even as risks and challenges persist. Real gross domestic product (GDP) growth is forecast to accelerate to 2.9% this year, up from an estimated 2.5% in 2023.
Revenue
While Alberta’s economic prospects remain optimistic, government revenue continues to be volatile. Total revenue is estimated at $73.5 billion in 2024-25, $2.1 billion lower than the 2023-24 third quarter forecast of $75.6 billion. Revenue is forecast to grow by $2.5 billion in 2025-26 and $2.8 billion in 2026-27, reaching $78.8 billion by the end of the forecast period.
Expense
The government continues to apply a prudent and targeted approach to spending, as balanced budgets are an important commitment to current and future Albertans. Operating expense will increase by 3.9% in 2024-25, rising at a modest pace averaging 2.2% over the next 2 years.
Capital Plan
Budget 2024 builds the schools, hospitals and roads Alberta’s communities need today and can rely on as they grow. The 2024 Capital Plan invests $25 billion over 3 years, a $2-billion increase from Budget 2023.
Watch the news conference
Finance Minister Nate Horner provides details on Budget 2024.
News
- Mar 26, 2024
Alberta’s government is making significant investments to ensure more Albertans receive the surgeries they need within clinically recommended wait times.
- Mar 22, 2024
Alberta’s government is providing historic funding to Arts Commons to transform Calgary’s downtown into a premium destination to take in the arts.
- Mar 15, 2024
Alberta’s government shared schematic designs of the Red Deer Regional Hospital Centre redevelopment with residents from central Alberta.
- Mar 15, 2024
Alberta’s government is increasing arts funding to help create vibrant communities in all corners of the province.
- Mar 15, 2024
Budget 2024’s targeted investments in municipal infrastructure will improve water treatment and support Alberta’s growing communities.
- Mar 13, 2024
New investments will make Alberta more naturally drought-resistant and create a more modern water-management system to support growing communities.
- Mar 12, 2024
Alberta’s government has introduced legislation that would authorize key components of Budget 2024 to support the health and safety of Albertans as well as economic growth.
- Mar 12, 2024
If passed, Budget 2024 would support culture in Edmonton’s downtown core by committing $12.8 million over three years to Phase 3 of the Winspear Centre expansion project.
- Mar 11, 2024
Alberta’s government is investing $2.1 billion over three years to build and modernize schools for students across Alberta.
- Mar 11, 2024
If Budget 2024 passes, its capital plan would invest $840 million over three years to provide more than 5,000 affordable housing units and support more than 6,000 jobs.