Source: Government of Canada regional news (2)
Last year, President of Treasury Board and Minister of Finance Nate Horner released Budget 2024: A responsible plan for a growing province, which focused on strengthening health care and education, building safe communities and managing resources wisely.
Over 2023 and 2024, Alberta’s population grew at an unprecedented rate, and it has put intense strain on many of the province’s public services. Budget 2025 will meet the challenge of this strain while helping plan for the future.
“Alberta is facing headwinds from every direction right now: cross-border trade issues, volatile oil prices and pressure on our public services as more people move here to make Alberta their home. I am working with my colleagues to build a budget that builds Alberta and meets the challenge head on.”
Given the significant uncertainty in global geopolitics and energy markets, Alberta’s government will need to make prudent choices to meet its responsibilities. Additionally, the eventual costs of contract negotiations with thousands of public sector workers need to be balanced with Alberta’s record-breaking population growth.
The government remains committed to fast-tracking school construction, fair and competitive taxes, and supporting high-quality health care, education and other public services.
Development of the budget will continue throughout February.
Related information
- Budget 2024
- 2024-25 Second Quarter Fiscal Plan Update and Economic Statement
Related news
- Budget 2024: A responsible plan for a growing province (Feb. 29, 2024)
- Under pressure (Nov. 21, 2024)
- Q1 update: Cautious optimism for a stronger future (Aug. 29, 2024)