CMcalgary

Alberta delivers another budget surplus!

Alberta’s government delivers a $2.2-billion surplus for Budget 2025, setting the stage for a sixth consecutive surplus.

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• Alberta’s total revenue in 2025-26 was $79.8 billion, up $5.6 billion from the Budget 2025 forecast. Increases included:

$2.1 billion increase in investment income
$932 million increase in corporate taxes
$867 million increase in non-renewable resource revenues

• The Heritage Fund earned $2.4 billion in net income in 2025-26, all of which was retained in the fund to grow over time.

• Alberta’s government also invested another $2.8 billion last year from 2024-25 surplus cash.

• Alberta’s government introduced a new eight per cent personal income tax bracket in 2025, saving individuals up to $750 and families up to $1,500 annually.

• In 2025, more than 2.3 million Albertans benefited from the new tax bracket, producing total tax savings of more than $1.2 billion last year alone.

• Total expense was $77.5 billion, with spending down $1.8 billion from Budget 2025.

• Net debt as of March 31, 2026, was $33.6 billion, a decrease of $747 million from March 31, 2025.

• Debt servicing costs were $2.9 billion, $30 million below budget and $277 million below 2024-25.

• The 2026-27 Q2 update will be released by the end of November 2026.