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Highlights from Alberta budget 2021

Click to play video: 'Alberta Budget 2021: Answering your questions surrounding the provincial budget' Alberta Budget 2021: Answering your questions surrounding the provincial budget
WATCH: Global’s Dallas Flexhaug took your questions on the 2021 provincial budget to the Alberta government and gives you the answers. – Feb 25, 2021

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

No new taxes or tax increases.

Deficit of $18.2 billion on estimated revenues of $43.7 billion.

Read more: Alberta budget 2021 promises more help for COVID-19 with $18B deficit

Spending of $57.3 billion before expenditures on COVID-19 and cancelled crude-by-rail contracts.

Spending on COVID-19 to be $1.1 billion. An extra $1.8 billion as needed.

Click to play video: 'Alberta budget 2021: no new taxes or tax increases' Alberta budget 2021: no new taxes or tax increases
Alberta budget 2021: no new taxes or tax increases – Feb 25, 2021

Taxpayer-supported debt of almost $116 billion by March 2022.

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Annual debt interest charges almost $3 billion.

Read more: Alberta budget 2021: What’s in it for Edmonton?

Capital spending to be $20.7 billion over three years.

Heritage Savings Trust Fund pegged to reach $16.7 billion.

Personal income tax to generate an estimated $11.6 billion.

Corporate income tax estimated to be $1.9 billion.

Cannabis tax to come in at $105 million.

Read more: Alberta budget 2021: What’s in it for Calgary?

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Public sector compensation, excluding physicians, set at $21.5 billion. To fall to $20.8 billion by 2024.

Click to play video: 'Alberta Budget 2021:  Toews says public sector wage structure must be addressed' Alberta Budget 2021: Toews says public sector wage structure must be addressed
Alberta Budget 2021: Toews says public sector wage structure must be addressed – Feb 25, 2021

 

Compensation for doctors to remain steady from $5.2 billion now to $5.3 billion by 2024.

$3.1 billion to diversify economy and expand aviation, tech, pharmaceutical and tourism sectors.

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