On February 27, 2020, Finance Minister Travis Toews tabled Alberta’s 2020-21 budget (Budget 2020). The United Conservative Party’s (UCP) second budget continues the trend started with the previous year’s budget to reduce annual spending, but also provides two new excise tax measures.
Budget 2020 outlines the government’s plan to achieve fiscal balance by gradually reducing the deficit over the next three years. The UCP is projecting a surplus by the 2022-23 fiscal year. Fiscal results are projected as follows: