By Alessia Proietti

Alberta

Albertans called by provincial government to share priorities for Budget 2023

Nov 8, 2022 | 5:29 PM

The provincial government says they want to hear from Albertans as Budget 2023 is being prepared.

Officials say in a release that Alberta continues to lead the country in economic growth and their plan is for Budget 2023 to continue to position the province for investment attraction, economic diversification and job creation. They claim that Budget 2023 will further their commitment to make life more affordable, improve the healthcare system, create jobs and stand up for Albertans.

“Alberta is the best place to live, work and raise our families. Budget 2023 will put Albertans first by supporting our communities, businesses and families with strategic investments to position us for a prosperous future. I look forward to hearing your priorities and perspectives for Budget 2023. Please take the time to complete the survey or participate however you can,” said Travis Toews, President of the Treasury Board and Minister of Finance.

Officials say listening to Albertans through public consultations is a valuable part of the process to develop Alberta’s budget. In addition, they confirm the government will also receive input from specific groups including community and business leaders.

Albertans can share their views and ideas for the next budget by filling out an online survey and joining telephone town halls with Minister Toews. Businesses, municipalities, industry associations, community organizations and other groups can also send budget submissions through an online portal on behalf of their organizations.

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The government states that as of the 2022-23 first quarter fiscal update on Aug. 31:

• The revenue forecast for 2022-23 is $75.9 billion, while the expense forecast is $62.7 billion
• That leaves a forecast surplus of $13.2 billion for 2022-23, in large part, they say, due to record-breaking non-renewable resource revenue and higher than anticipated corporate income taxes
• Following a debt repayment of $13.4 billion, taxpayer-supported debt is forecast at $79.8 billion on March 31, 2023
• The net debt-to-GDP ratio is estimated at 10.3 per cent at the end of the fiscal year, which the province says is in line with its goal of keeping it well below 30 per cent, ensuring Alberta is in a strong position to pay its debt
• Alberta’s economy (as measured by real gross domestic product or GDP) is expected to grow by 4.9 per cent this year.

The survey and online submission portal are open now. For more information on these and other engagement methods, visit alberta.ca/BudgetConsultation.