Alberta Budget Surplus of $12.3 Billion Will Fund Affordability Package: Finance Minister

Alberta Budget Surplus of $12.3 Billion Will Fund Affordability Package: Finance Minister
Travis 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. Jason Franson/The Canadian Press
Marnie Cathcart
Updated:
EDMONTON—Alberta Finance Minister Travis Toews announced Thursday at a news conference that Alberta has a projected surplus of $12.3 billion in the 2022–23 mid-year budget. This is much higher than an earlier February forecast of only $511 million.

Toews said the surplus will allow the province to provide significant help to Albertans and their families so they can “keep more money in their pockets for groceries, gas, utilities, and other rising costs of day to day living.”