Feb 25, 2021
Budget 2021 Capital Plan: Creating 90,000 new jobs | Plan d’immobilisation 2021 : Créer 90 000 nouveaux emplois en Alberta
Budget 2021’s Capital Plan invests almost $21 billion over three years to boost Alberta’s economy and create 90,000 new jobs.
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The 2021 Capital Plan invests $20.7 billion over three years. This is an increase of $1.7 billion in 2021-22 from Budget 2020, reflecting the government’s commitment to getting shovel-ready projects off the ground and Albertans back to work in good-paying jobs.
The plan will support more than 50,000 direct and 40,000 indirect jobs through to 2024. This includes new funding for 41 projects totalling $825.8 million over three years, including:
Budget 2021: Preparing for recovery | Budget 2021 : Préparer la relance
Budget 2021 prepares Alberta for a strong economic recovery with investments to diversify the post-pandemic economy.
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Budget 2021 invests $1.5 billion in Alberta’s Recovery Plan, building on the province’s existing strengths in energy, agriculture and forestry while encouraging diversification in emerging sectors like technology and innovation, and pharmaceuticals and life sciences.
It also sets aside $500 million in contingency in 2021-22 to assist with economic recovery and invests $20.7 billion in infrastructure spending that will support 90,000 jobs over the next three years.
Feb 25, 2021
Budget 2021: Economic growth fuels Alberta’s recovery | Budget 2021 : La croissance économique énergisera la relance de l Alberta
Budget 2021 outlines how Alberta’s government is making strategic investments in natural resources and the environment to prepare for economic recovery and create good jobs for thousands of Albertans.
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Agriculture and Forestry
Alberta’s government has set a target to attract $1.4 billion in investment, which will create more than 2,000 jobs in emerging sectors like hemp, agri-technology and value-added processing. The Government of Alberta is also contributing $245 million to an $815-million investment, in partnership with the Canada Infrastructure Bank and Alberta irrigation districts, to modernize irrigation district infrastructure to drive the expansion of Alberta’s irrigated land base.
Protecting Albertans from COVID-19 continues to be the government’s top priority and Budget 2021 includes $1.25 billion specifically to fight the pandemic.