alberta education budget 2020
It will be predictable to allow school authorities to do better long-term planning.It will protect our most vulnerable students, and protect rural schools.We are committed to building needed schools across the province.Twenty-five new school projects were announced as part of the fall 2019 Capital Plan. This is in addition to the $20.6 billion allocated for health care in Budget 2020.We’re spending more on health care than has ever been spent in Alberta.But, increasing demand is a challenge we have to overcome by reducing administration costs and driving every available dollar to the front lines.Budget 2020 includes action in a number of key areas.We’re committing $500 million over the next 3 years to provide up to 80,000 more publically funded surgeries to people within clinically recommended times.Government will spend $3.7 billion over 3 years for capital projects, including:Alberta will maintain government’s current level of spending on physicians at $5.4 billion, and implement a new funding framework to avoid $2 billion in cost overruns by 2022-23.Alberta continues to have one of the best-funded education systems in Canada, and we believe all Albertans want to continue having a strong, vibrant education system.We are guided by the following principles to achieve those goals:For Budget 2020, the total operating expense for education is $8.3 billion. The government-funded portion of the education budget is virtually unchanged, from $7.218 billion in the 2019 budget to $7.209 billion in 2020. An additional $500 million has been committed to respond to the Education’s operating budget is maintained at $8.3 billion.The Government of Alberta has committed $500 million extra this year to respond to the public health crisis and to support front-line health professionals working to keep Albertans safe and healthy. Spending information and program details for health and education. Our economic forecast for 2020 and beyond reflects an anticipated rebound in oil production and business investment.Total revenue is forecast to remain flat at $50 billion in 2020-21 and then grow to $58.1 billion in 2022-23.
We remain focused on creating jobs, growing our economy, and streamlining programs to ensure a sustainable future.Our plan to get spending under control is working – we’re on track to balance the budget by 2022-23 and we’re bringing down the deficit faster than expected. Budget 2020 invests in the infrastructure families and communities need.Budget 2020 continues to optimize Alberta’s tax system. The advanced education budget will be $5.1 billion in 2020-21 — a 6 per cent reduction from the 2019-20 forecast. This is a $100 million increase from last year, which is a result of school jurisdictions using their own-source revenue and reserves as we transition to a new funding model.The province’s component of the $8.3 billion remains the same as last year. This low-rate, broad-based tax approach will level the playing field for all job creators, rather than a select few and continue to make Alberta one of the most competitive places to invest in North America.We are accelerating our Capital Plan, with a focus on infrastructure that advances jobs and economic growth. The province’s component of the $8.3 …
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