Red ink, tax cuts, debt payments: Highlights of Alberta's budget

The Alberta government tabled its budget on Thursday. Here are some of the highlights:

• $5.2-billion deficit with deficits in following two years
• Taxpayer-supported debt to reach $93 billion
• Debt-servicing costs at $3 billion
• Overall spending up to more than $79 billion with more money for contingencies, tariffs and disasters
• Kindergarten to Grade 12 school spending up to almost $10 billion
• Education property taxes rising over six per cent for home and business property owners
• $26 billion for capital projects including schools, hospitals and other health-care facilities, and highways
• $1 billion for personal income tax cuts
• $106 million over three years for downtown Edmonton revitalization near Edmonton Oilers arena
• Personal income tax revenue to fall to $15 billion, corporate tax revenue down to $7 billion 
• Population growth moderate but still rising at 2.5 per cent 

This report by The Canadian Press was first published Feb. 27, 2025.