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.
![budget-2024-web-image-family-750x422 An image of a happy family enjoying a meal together.](https://www.alberta.ca/system/files/styles/responsive_1040/private/budget-2024-web-image-family-750x422.jpg?itok=T9eClhpq)
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.
![budget-2024-web-image-friends-750x422 An image of two friends spending time together.](https://www.alberta.ca/system/files/styles/responsive_1040/private/budget-2024-web-image-friends-750x422.jpg?itok=MQCZl7OK)
![Four oil workers walk underneath a platform of pipes. They're wearing blue coveralls and white hard hats. There is snow on the ground.](https://www.alberta.ca/system/files/styles/responsive_1040/private/budget-2024-revenue-card-750x422.jpg?itok=2J6EecDo)
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.
![budget-2024-web-image-woman-750x422 A photo of a woman smiling.](https://www.alberta.ca/system/files/styles/responsive_1040/private/budget-2024-web-image-woman-750x422.jpg?itok=l_UT4DoQ)
![budget-2024-web-image-yyc-750x422 A photo of Peace Bridge in Calgary.](https://www.alberta.ca/system/files/styles/responsive_1040/private/budget-2024-web-image-yyc-750x422.jpg?itok=1mUTi8sr)
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
- Jun 19, 2024
New Calgary Radiopharmaceutical Centre enters the design development stage, bringing enhanced access to cancer, cardiac and neurological treatments closer.
- Jun 13, 2024
President of Treasury Board and Minister of Finance Nate Horner issued the following statement on Alberta’s recent long-term credit rating upgrade:
- May 30, 2024
Alberta’s government delivered on its mandate to protect Albertans and build a prosperous future during the spring legislative session.
- May 22, 2024
Minister of Advanced Education Rajan Sawhney has appointed an Advisory Council of Skilled Trades Youth Ambassadors (STYA).
- Apr 29, 2024
Alberta is investing wisely in wildfire preparedness with funding for additional airtankers, night-vision equipped helicopters and the Community Fireguard Program.
- Apr 23, 2024
Alberta’s government is helping publishing and entertainment industries in the province thrive with an $8-million investment in the Alberta Media Fund.
- Apr 16, 2024
Alberta’s government is providing record funding to Alberta’s 48 housing providers for operating community housing across the province through Budget 2024.
- Apr 15, 2024
Budget 2024 commits $8 million to help Albertans resolve family law issues faster.
- Apr 11, 2024
Alberta’s government is delivering on a commitment to put more frontline police officers on Calgary and Edmonton streets to keep Alberta families and communities safe.
- Apr 9, 2024
Alberta’s government is investing in projects that drive economic growth across Alberta through the Northern and Regional Economic Development (NRED) program.