Premier Jason Kenney and Finance Minister Travis Toews presented the Alberta 2020 budget today.

From the Government of Alberta:

Third-quarter results show the deficit has declined more than expected. With the deficit $1.2 billion lower than projected in Budget 2019, Alberta taxpayers can expect to pay $35 million less in debt-servicing costs.

Budget 2020 also provides stable funding for health, education and core social services. The budget focuses on finding cost efficiencies and creating jobs while maintaining the high-quality services Albertans expect.

“Budget 2020 continues our focus on creating jobs, growing our economy and streamlining programs and services to ensure a sustainable future. Our plan is working. We are on track to balance the budget by 2022-23 and Alberta’s surplus in that year is expected to be higher than that projected in Budget 2019. We are also maintaining funding for health and education while ensuring each dollar is wisely spent on what Albertans need most.” - Travis Toews, President of Treasury Board and Minister of Finance

Included in Budget 2020 is A Blueprint for Jobs – the government’s plan to get Albertans back to work. It supports dynamic growth from the technology, energy, agriculture and forestry sectors and supports diversification in other key sectors through initiatives, including:

  • Improving competitiveness through further reductions in the Job Creation Tax Cut.
  • Accelerating growth-oriented projects through the capital plan to provide job opportunities for Albertans.
  • Reducing red tape in all sectors to make Alberta the best place to do business in Canada.
  • Accelerating the reclamation of “legacy sites” – including orphan wells – in ways that prioritize job creation.
  • Filling gaps in the labour market, such as increasing access to training for Class 1 drivers.

“There is no greater job for our government than getting Alberta back to work. Budget 2020 and A Blueprint for Jobs leverage the natural strengths of our province and support new opportunities for diversification, economic growth and job creation. We are putting a growth and prosperity lens on everything we do to ensure the choices we make as a government support economic growth and jobs for Albertans.” - Travis Toews

For the full budget speech, visit alberta.ca.
Find more details on the Alberta budget plan here.