Alberta announces final numbers for fiscal year, including $4.3B surplus
EDMONTON, AB – The Government of Alberta has announced its final numbers for the fiscal year that ended in March, and the bottom line is a $4.3-billion surplus.
Finance Minister Nate Horner says Alberta took in almost $75 billion in the 2023-24 fiscal year, powered by more than $19 billion from non-renewable resources and a higher tax intake due to more people moving to the province.
Alberta spent over $70 billion, more than expected, as the province worked to cover off natural disasters and revamp the core structure of its health system.
The province also grew the size of its long-term savings piggy bank, the Heritage Savings Trust Fund, to almost $23 billion.