2020-23 Fiscal Plan (Alberta Budget 2020) - February 27, 2020

BUDGET 2020

Fiscal Plan

A Plan for Jobs and the Economy

2020?23

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For electronic copies of Budget 2020: Fiscal Plan visit our website at: alberta.ca/budget-documents.aspx

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Copyright ? 2020 President of Treasury Board and Minister of Finance and its licensors. All rights reserved.

BUDGET 2020 GOVERNMENT OF ALBERTA | 2020?23

2020?23 Fiscal Plan

PRESENTED BY

TRAVIS TOEWS

PRESIDENT OF TREASURY BOARD AND MINISTER OF FINANCE

in the Legislative Assembly of Alberta February 27, 2020

Accountability Statement

The government's Fiscal Plan for the three years commencing April 1, 2020 was prepared under my direction in accordance with the Fiscal Planning and Transparency Act and the government's accounting policies. All of the government's policy decisions as of February 14, 2020 with material economic or fiscal implications have been considered in preparing the three year Fiscal Plan.

Original signed by Travis Toews President of Treasury Board and Minister of Finance February 14, 2020

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Fiscal Plan 2020?23

Fiscal Plan 2020?23

Overview. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 A Blueprint for Jobs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Economic Outlook. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 A Fair Deal for Alberta. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83 Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99 Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119 Capital Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 147 Tax Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 167 Debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 189 Fiscal Plan Tables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205 Response to the Auditor General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 223

Note: Amounts presented in tables may not add to totals due to rounding.

Fiscal Plan 2020?23

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