Alberta budget: the highlights - Action News
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Edmonton

Alberta budget: the highlights

A new hospital for Edmonton, and some of the other highlights from the Alberta government's budget, tabled in the legislature on Thursday by Finance Minister Joe Ceci.

For Edmonton: $400 million over four years for new hospital

Finance Minister Joe Ceci delivered the government's 2017-'18 budget Thursday. (Terry Reith/CBC)

Here are some of the highlights from the Alberta government's budget, tabled in the legislature on Thursday by Finance Minister Joe Ceci:

  • $9.2 billion earmarked for capital spending, including:

$400 million over four years for a new hospital in Edmonton;

10 new schools, including five for Calgary and four for Edmonton, plus design work on a 5th for the capital;

$155 million over four years for new child and adolescent mental health centre at the Royal Alexandra Hospital in Edmonton;

$65 million for modernization and a new emergency room at the Misericordia Hospital in Edmonton;

New $131-million 200-bed long-term care facility for Calgary:

New courthouse in Red Deer ($97 million over four years)

  • No new income taxes, no new taxes on alcohol or tobacco
  • Deficit forecast at $10.3 billion, half-billion less than last year's deficit
  • Provincial debt climbs to $45 billion this year and $71 billion by 2019/20. No firm plan to pay off debt before 2023/24 at earliest
  • Debt servicing costs climb from $1.3 billion in 2017/18 to $2.3 billion in 2029/20
  • Average WTI oil price for year pegged at $55 US/bbl
  • Carbon tax expected to bring in $1.038 billion this budget year and climb to $1.4 billion over three years
  • Government forecasts economy will grow by 2.6 per cent in coming year, the highest rate in the country
  • Modest budget increases to health, education, and social services
  • Overall growth in operating spending will be 2.2 per cent, compared to 3.9 per cent in the past 2016/17 fiscal year
  • $100 million over four years to upgrade water for First Nations
  • New hires: 1,500 Health, 429 Education, 495 Justice/Solicitor General