Alberta.io

Alberta Strong

Alberta Budget

Fiscal Year 2024-25
Total Revenue
$73.5B
Total Expenditure
$73.1B
Surplus/Deficit
+$0.4B
Net Debt
$77.1B
GDP Growth
2.9%
Population Growth
4.4%

REVENUE BREAKDOWN

Personal Income Tax$15.8B
21.5%
Corporate Income Tax$8.2B
11.2%
Non-Renewable Resource Revenue$16.4B
22.3%
Federal Transfers$11.9B
16.2%
Other Tax Revenue$7.3B
9.9%
Investment Income$5.1B
6.9%
Premiums, Fees & Licenses$4.8B
6.5%
Other Revenue$4B
5.5%

SRC: ALBERTA BUDGET 2024

EXPENDITURE BREAKDOWN

Health$26.1B
35.7%
Education$9.5B
13%
Advanced Education$7.3B
10%
Social Services$5.8B
7.9%
Public Safety$2.4B
3.3%
Transportation$3.1B
4.2%
Agriculture & Forestry$1.5B
2.1%
Environment & Parks$0.9B
1.2%
Debt Servicing$3.2B
4.4%
Other$13.3B
18.2%

SRC: ALBERTA BUDGET 2024

HISTORICAL SURPLUS/DEFICIT

$-12.2B
2019-20
$-17.7B
2020-21
+$3.9B
2021-22
+$11.6B
2022-23
+$4.3B
2023-24
+$0.4B
2024-25

SRC: ALBERTA TREASURY BOARD

Note: Budget figures are from the Government of Alberta's 2024-25 Fiscal Plan. Non-renewable resource revenue includes oil and gas royalties, which remain a significant but volatile source of provincial income.

Alberta is the only Canadian province without a provincial sales tax (PST), relying instead on resource revenues and income taxes to fund public services.