Albertans can share their views and priorities for the province in an online survey on the 2021 provincial budget and join telephone town halls with Finance Minister Travis Toews.
“I’m looking forward to working with Albertans as we develop a fiscal plan that enables the sustainable delivery of services to Albertans now and into the future,” says Toews. “I encourage all Albertans to provide their input and help shape the future of our province.”
The online survey is now live until Dec. 4, and the telephone town halls will take place on Nov. 30, Dec. 2, and Dec. 3. More information is available at alberta.ca/BudgetConsultation.
Minister Toews will be touring communities across the province to hear directly from Albertans. Stay tuned for details on how to participate in your community.
Alberta’s government will also be launching a digital ‘build a budget’ tool in mid-November that will ask Albertans to make choices about spending and revenue and then show the resulting impacts on the overall budget.
Alberta is confronted with an extreme fiscal challenge after being hit by a triple threat: the global health crisis, worldwide economic depression and the collapse in oil prices. Alberta’s government recognized the severity of the situation and was the first province to announce a plan for economic recovery.
Alberta faces a record deficit for 2020-21 of $24.2 billion.
Taxpayer-supported debt is forecast to be $99.6 billion by March 31, 2021. This is about $22,400 per Albertan.
Total debt servicing costs, including those related to self-supported debt, are forecast to be more than $2.5 billion in 2020-21. That is higher than the operating expenses of 16 out of 20 ministries.
Total revenue is forecast at $38.4 billion, $11.5 billion lower than estimated in Budget 2020.