Expense

Overview

Budget 2024 is a responsible plan for a growing province. It maintains the government’s commitment to fiscal responsibility and efficient delivery of public services while focusing on Albertans’ priorities.

Budget 2024 includes funding to strengthen health care and education, support vulnerable Albertans, keep our communities safe, responsibly manage and develop our resources and grow Alberta’s economy.

Resources

2024-25 second quarter update

The total expense forecast for 2024-25 is $73.3 billion, up $0.1 billion from budget. Operating expense is expected to reach $61.3 billion, up $1.2 billion from budget, mainly for physician compensation, AHS service activities, income support program delivery costs and to support the rise in student enrolment.

Table 1. Expense summary (millions of dollars)

Source: Treasury Board and Finance
Expense items	2023-24 Actual	2024-25 Budget	2024-25 Second Quarter Forecast	Change from Budget
Operating expense:
- Health*	24,053	24,830	25,546	716
- Kindergarten to Grade 12	8,878	9,252	9,377	125
- Post-secondary	6,233	6,305	6,323	18
- Seniors, Community and Social Services	5,284	5,229	5,469	240
- Other ministries / Legislative Assembly	12,583	13,131	14,577	1,446
Total operating expense	58,143	60,124	61,292	1,168
Capital grants	2,103	3,469	3,523	54
Disaster / emergency assistance	3,025	–	847	847
Amortization / inventory consumption / loss on disposals	4,399	4,564	4,574	10
- Debt servicing	3,149	3,389	3,173	(216)
- Pension provisions	(372)	(364)	(364)	–
Contingency (forecast allocated/unallocated	–	2,000	1,721	279
Total expense	70,447	73,182	73,324	143