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2014 Alberta Budget: an overview

2014 Alberta Budget: an overview

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Published by emily_mertz695
The government of Alberta released this overview of the 2014 Budget: The Building Alberta Plan.
The government of Alberta released this overview of the 2014 Budget: The Building Alberta Plan.

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Categories:Types, Brochures
Published by: emily_mertz695 on Mar 06, 2014
Copyright:Attribution Non-commercial

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03/07/2014

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OPERATIONAL PLANSAVINGS PLANCAPITAL PLAN
SocialEndowmentInnovationHeritageFund for TradesScholarship AlbertaFundFuture AgricultureInnovationEndowmentand Food
$
43.0
B
TotalOperationalRevenue
$
40.4
B
TotalOperationalExpenseOperational Surplus
$
2.6
B
Overview
Budget 2014
Resource revenue
 is 6.7% higher than last year due to higher oil prices and a lower Canadian dollar.
Operating expense
3.7% increase from last year, below expected population plus infl ation rate of 5%.
New Savings Management Act will:
Total savings
 $26 billion by 2017.
Alberta’s Heritage Savings Trust Fund
 to grow from $15 billion to more than $17 billion by 2017.
Contingency Account
 will grow to $5 billion in 2014.Our capital plan will see
$19.2 billion invested
 into infrastructure projects over the next three years, including $6.6 billion this year.
Highlights over the next three years include:
 
»
$5.1 billion in
municipal infrastructure
 support through the Municipal Sustainability Initiative and other capital programs.
 
»
$5 billion for the
provincial highway network 
, including the Edmonton and Calgary ring roads, rehabilitation work, twinning Highway 63, and other projects.
 
»
$2.6 billion to build
new health care facilities
 and maintain existing ones.
 
»
$1.8 billion for
school capital projects
, including $1.2 billion for 50 new schools and 70 modernizations.
 
»
$859 million for
 flood recovery projects
, including mitigation measures to protect Albertans from future fl ooding.
 
»
$725 million to build
new post-secondary facilities
 and maintain existing ones.
*
 to encourageinnovation in social and cultural sectors
*
 to encourage innovation in agriculture and food
*
 to address  the skilled labour shortage
*
 to position Alberta  for future strategic opportunities

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