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

Alberta Finance Minister Nate Horner presents the Alberta 2025 budget in Edmonton, on Thursday February 27, 2025.THE CANADIAN PRESS/Jason Franson

EDMONTON - 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 ºÚÁϳԹÏÍø was first published Feb. 27, 2025.

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