On October 24, 2019, Finance Minister, Travis Toews, tabled Alberta’s 2019-20 budget (Budget 2019). This first budget of the newly-elected United Conservative Party (UCP) focuses on reducing spending and introducing measures to help create more jobs in a struggling economy. Some of the measures included in Budget 2019 are new, while others were introduced earlier in 2019 and are being reiterated in the budget documents.
Budget 2019 outlines the government’s plan to achieve fiscal balance by gradually reducing the deficit over the next four years. The UCP is projecting a surplus by the 2022-23 fiscal year. Fiscal results are projected as follows: