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Highlights from Alberta budget 2019

Alberta budget 2019: A look at how the UCP plans to balance the books
WATCH ABOVE: Alberta's budget preserves health and education funding but there are cuts to cities, civil servants and universities. Tom Vernon takes a look at the nuts and bolts of the budget.

Alberta’s United Conservative government tabled its budget Thursday. Here are some of the highlights:

  • $8.7-billion deficit on revenues of $50 billion.

READ MORE: Alberta budget 2019 includes cuts to cities, civil servants, universities

  • Debt projected to rise from the current $63 billion to $72 billion by the spring, on track to reach $93 billion by 2023.
  • Three more years of deficits with projected surplus of $584 million in 2023.

READ MORE: Winners and losers in Alberta budget 2019

  • The public sector to be reduced by almost eight per cent over four years, mainly through attrition.
Alberta Budget 2019: Finance Minister asks public sector to ‘work with us’
Alberta Budget 2019: Finance Minister asks public sector to ‘work with us’
  • No budgeted pay increases for public sector workers.
  • Program spending to drop 2.8 per cent over four years to $47 billion by 2023.
  • Health funding maintained as $20.6 billion.

READ MORE: Alberta Budget 2019: What’s in it for Edmonton?

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  • Education funding maintained at $8.2 billion.
  • Corporate income tax revenue to fall by $700 million to $4.2 billion in 2019-20.
  • Operational spending to be reduced by 0.5 per cent this year and eventually by 2.8 per cent to $47.1 billion by 2023.
Alberta budget breakdown in less than 1 minute
Alberta budget breakdown in less than 1 minute

READ MORE: Alberta Budget 2019: What’s in it for Calgary and Lethbridge?

  • A one-time payment of $1.5 billion to end the crude-by-rail shipment plan announced earlier this year by the former NDP government.
  • $1.8 billion in new capital funding for schools and new modular classrooms.
Political scientist Duane Bratt weighs in on Alberta budget 2019: ‘This was not a shock’
Political scientist Duane Bratt weighs in on Alberta budget 2019: ‘This was not a shock’