Budget 2022

2022 Alberta budget summary

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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.