On February 24, 2022, Finance Minister Travis Toews tabled Alberta’s 2022-25 three-year fiscal plan (AB Budget 2022).
AB Budget 2022 estimates that the province’s deficit for the 2021-22 fiscal year was $3.2 billion as compared to the $18.2 billion deficit projected for the same fiscal year in the previous budget. The decrease in the deficit is primarily due to rising oil prices.
Year |
Projected surplus (deficit) |
2022-23 |
$0.5 billion |
2023-24 |
$0.9 billion |
2024-25 |
$0.7 billion |
Visit our Budget 2022 hub to learn more about all federal and provincial budgets.