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Highlights from Alberta budget 2022

Click to play video: 'Alberta economist breaks down Alberta budget'
Alberta economist breaks down Alberta budget
WATCH: Economist Trevor Tombre from the University of Calgary joins Joel Senick to discuss the 2022 Alberta Budget and the province’s fiscal state going forward. – Feb 24, 2022

Finance Minister Travis Toews tabled Alberta’s 2022 budget on Thursday and for the first time in years the province is out of the red.

Here are some highlights:

A $500-million budget surplus, the first since 2015, with small surpluses expected in following two years.

Forecast revenues of $62.6 billion and expenses of $62.1 billion.

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Alberta Budget: Finance minister says province has a responsibility to maximize oil production
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A forecast of $13.8 billion in non-renewable resource revenue.

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Projected real GDP growth of 5.4 per cent.

$600 million more on health spending, rising in following years, to add intensive care beds, expand hospitals, hire more physicians and nurses.

Click to play video: 'Alberta Budget: Finance minister says 2022 budget includes ‘record-high health care investment’'
Alberta Budget: Finance minister says 2022 budget includes ‘record-high health care investment’

$171 million over three years to increase spots for post-secondary students in high demand areas, including high-tech, finance, energy, engineering, health care and aviation.

$191 million over three years for curriculum updates to kindergarten to Grade 12 in all subject areas.

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Natural gas rebates for consumers to start Oct. 1 to help those facing high utility bills. To be triggered when natural gas rates rise above $6.50 a gigajoule.

$390 million over four years to increase internet broadband connectivity, particularly for rural and remote areas.

Click to play video: 'Alberta tables first balanced budget since 2014'
Alberta tables first balanced budget since 2014

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