Alberta 2026-27 Budget Overview

The Alberta Finance Minister Nate Horner tabled the government’s 2026-27 Budget. Premier Smith stated this week that the province will run a “significant deficit resulting from the twin pressures of low energy prices and near record-high population growth” and Minister Horner confirmed this announcing that if passed, Budget 2026 includes deficits of $9.4 billion, $7.6 billion and $6.9 billion over the next three years. Minister Horner stated that the province will be focusing on three key areas in this Budget: healthcare, classrooms and the economy.

The following Budget highlights may be of interest:

Healthcare – Alberta is investing in health care capacity, including hospital beds, health care professionals and critical services. 

  • Establishments of Health Shared Services (HSS), which aims to deliver shared corporate services like information technology, finance, human resources and other supports across Primary and Preventative, Hospital and Surgical services as well as Assisted Living and Social Services, and Mental Health and Addiction.
  • $34.4 billion in total expense, including $1.9 billion in new health funding, to address priorities including reducing wait times across emergency services, surgeries and cancer care.
  • $804 million in 2026-27 and the following 2 years for improved ambulance deployment and rural staffing.

 

Education – Increasing funding to reduce class size and complexity, and supporting educators as they provide students with quality learning. 

  • Budget 2026 provides $722 million in new funding to support enrolment growth, teacher compensation, improved classroom conditions, and the construction and modernization of school infrastructure. 
  • $3.3 billion to support new and ongoing school projects

 

Economy – Bolstering the economy by investing in industries, infrastructure and skilled workforce.

  • $115 million in workforce strategies and $16 million for economic immigration programs and services.
  • $81 million for labour relations, occupational health and safety and employment standards.
  • $4 million in 2026-27 to support training opportunities for Indigenous people in Alberta through the Employment Partnerships Program (EPP).

Supporting trade and diversification

  • Establishing Alberta as a destination of choice for companies to innovate, commercialize, and scale in high-impact sectors through the Alberta Technology and Innovation Strategy.
  • Positioning Alberta as a prime destination for international and local data centres through the implementation of the Alberta Artificial Intelligence Data Centres Strategy.
  • Growing Alberta’s cultural industries to diversify the economy, create jobs, and secure the province’s position as a hub for publishing, music, television, film and other performing arts.
  • $530,000 for engagement with Albertans, Indigenous communities, organizations, technical experts and other stakeholders on future nuclear projects.

Investing in Business and Industry

  • $7 million to support a pre-feasibility study of a bitumen pipeline to the west coast of British Columbia.
  • $28 million for the Investment and Growth Fund.
  • $15 million for the Invest Alberta Corporation.
  • More than $16 million to support Indigenous-led projects through the Indigenous Reconciliation Initiative, the Aboriginal Business Investment Fund and the Community Support Fund. 

Official Announcement

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