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Alberta budget set for Feb. 28, with focus on funding for health, school growth

Toews shakes hands with Alberta Premier Danielle Smith after he was sworn into cabinet as President of Treasury Board and Minister of Finance in Edmonton, on Oct. 24, 2022. THE CANADIAN PRESS/Jason Franson. SDV

Alberta Finance Minister Travis Toews says the United Conservative Party government’s 2023 budget will be delivered on Feb. 28, the first day of the spring legislature sitting.

Toews said Friday it will focus on investing in health care and school enrolment growth.

It’s expected to be the final budget before voters go to the polls for a scheduled May 29 general election.

Alberta’s fortunes, powered mainly by energy revenues and further diversification of its economy, have been on the upswing since the global economy began rebounding from the COVID-19 pandemic.

Last fall, Toews announced the current budget year, which finishes at the end of March, is expected to record a $12.3-billion surplus.

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That surplus comes even with $2.8 billion being set aside over the next three years to cover inflation-fighting programs and payouts to shield Albertans — particularly families, seniors and the vulnerable — from higher costs.

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Toews said while energy prices remain volatile, the outlook is for them to stay strong.

“This budget will reflect the fact that health care is a priority, that health care capacity is a priority, ” said Toews in an interview.

“Alberta is leading the nation on net-inflow migration,” he added.

“Our population is growing. Our enrolment in our K-12 education system is growing, and the budget will reflect that good news story with additional enrolment growth.”

One outstanding question after the budget will be whether Toews will run again in the May vote.

He is a first-term UCP member representing Grande Prairie-Wapiti.

Toews declined to say whether he has made a decision.

“I’ll have more to say on that one later,” he said, “I’m focused on preparing the budget.”

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