Overview

Alberta is facing headwinds from economic uncertainty and revenue volatility due to international market instability, fluctuating oil prices and a rapidly growing population adding pressure on our public service. Budget 2025 delivers on the government’s commitment to making prudent spending decisions and sustainably delivering programs to Albertans.

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What the budget means for you

Budget 2025 works to continue to build the province and support Albertans despite the current challenging situation.

Budget 2025 fulfills the government’s promise to lower personal income taxes by creating a new tax bracket of 8% on the first $60,000 of income.

It continues its important work to refocus the health care system by establishing 4 integrated health agencies to improve outcomes for patients.

And it works to protect Alberta’s advantage by securing the border between Alberta and the US, working to access new markets for energy and mineral resources, and cultivating markets to support agriculture products and value-added processors.

See the budget highlights

Economic outlook

Stormy skies are on the horizon for Alberta’s economy after ending last year on a solid footing. Last year ended with high employment gains, record oil production and increased investment in non-residential building. However, a significant shift in U.S. trade policy towards stronger protectionist measures puts a damper on the 2025-26 outlook.

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Revenue

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.

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Expense

The Government of Alberta is committed to fiscal responsibility, efficient delivery of public services, and focusing on Albertans’ priorities, while transforming our health care system, strengthening education and support to vulnerable Albertans, and keeping communities safe.

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Capital Plan

With a total of $26.1 billion allocated over the next 3 years – $1.1 billion more than in Budget 2024 – the 2025 Capital Plan addresses current growth pressures, supports future economic growth and creates additional opportunities for private sector participation.

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Budget documents

Download detailed documents outlining the government's financial plans.

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Watch the news conference

Finance Minister Nate Horner provides details on Budget 2025.

Read the full budget address

News

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