Alberta Fund News Today

The omnibus bill formalizes changes introduced in last weeks budget including changes to the fiscal framework that allow for more spending.

The omnibus bill formalizes changes introduced in last weeks budget including changes to the fiscal framework that allow for more spending.

The governing United Conservative Party tabled Bill 10

Budget 2024 is a responsible plan to strengthen health care and education, build safe communities and manage resources wisely to support a growing Alberta.

Finance Minister Nate Horner presented the details to the legislature of the $73.2-billion price tag for the annual plan, which promises to increase spending for health care and education, which together make up 61 per cent of it, by 4.4 per cent as well as resource management and capital construction while forecasting a surplus of $367 million for the 2024-25 fiscal year.

Varcoe: Premier Danielle Smith says Alberta will chart a path to grow the Heritage Fund to as much as $400B by 2050 and slow spending growth

Alberta’s government continues to manage the province’s finances responsibly with the future in mind.

The projected surplus, $3.2-billion higher than the initial estimate, shows that Alberta is well positioned for growth, despite economic headwinds, says provincial Finance Minister Nate Horner

Higher-than expected revenue from income taxes and non-renewable resource revenues are bumping Alberta’s expected surplus up to $5.5 billion this year, the province’s latest financial statements say.

UCP MLA Dale Nally says surplus is cause for celebration, but NDP MLA Marie Renaud believes the picture is not so rosy.