Budget 2010 strikes the right balance by focusing on Albertans’ priorities while limiting spending
February 9th, 2010
Budget highlights:
- $1.3 billion in savings found through cross-ministry spending review
- Cost savings re-invested in and new money added to priority areas:
- $1.7-billion increase for ongoing health programs; AHS deficit paid off
- $250-million increase for school boards
- Benefit levels maintained for recipients of Alberta Seniors Benefit and Assured Income for the Severely Handicapped
- Funding remains at $597 million for Persons with Developmental Disabilities program
- Alberta’s competitive advantage supported and enhanced:
- $20.1-billion investment in infrastructure over three years
- No tax increases; taxes remain lowest overall in Canada
- $38.7 billion forecast total expense in 2010-11; $34.0 billion forecast revenue in 2010-11
- $4.7-billion deficit forecast for 2010-11; $505-million surplus forecast in 2012-13
- Savings in Sustainability Fund used to offset deficits
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