Budget 2024 – a plan that prioritizes investments in health, education, and safety, and that ensures our province will continue to grow and thrive for generations to come.
Health care is a key pillar of Budget 2024. If passed, the budget would invest $1 billion over three years to transform the continuing care system in response to the Facility-Based Continuing Care Review; $475 million to support the continued implementation of the Modernizing Alberta’s Primary Health Care System initiative, including $200 million over two years to improve access to family physicians; $10 million for primary health care initiatives in Indigenous communities; and $15 million to further develop a compensation model for nurse practitioners.
Budget 2024 also focuses strongly on education. This budget would invest $1.9 billion to support 98 school projects over the next three years. $681 million in new funding would be invested to support priority school projects, including 43 new projects announced in the budget, creating a total of 35,000 new or modernized student spaces for children around the province. And an additional $1.5 billion would be invested for educational learning supports for vulnerable students, children with specialized learning needs, and other students requiring additional supports.
Alberta provides among the most generous affordability measures and social supports across the country and Budget 2024 continues to help alleviate the financial burdens on Albertans. This includes $717 million in capital grants over three years to advance Alberta’s Affordable Housing Strategy, which incorporates $254 million in new funding to help build about 3,300 new affordable housing units and complete 1,800 units already underway.
Finally, Budget 2024 focuses on paying down debt. An estimated $6.4 billion in surplus cash is projected at the end of 2023-24 and Alberta’s government is using half to pay off maturing debt this fiscal year. Of the remaining $3.2 billion surplus cash, a forecast $2 billion will be put in the Alberta Fund, and the other $1.2 billion is being allocated to debt repayment to limit new borrowing required in 2024-25.
Budget 2024 is a responsible plan that prioritizes the needs of Albertans and their families and will help ensure Alberta continues to be one of the best places in the world to live, work, play, raise a family, or start a business.
If you have any questions or input, please feel free to reach out to my office at [email protected].
MLA – Calgary Fishcreek Myles McDougall
proudly serves the following Communities: Bonavista Downs, Deer Ridge, Deer Run, Diamond Cove, Lake Bonavista, Midnapore , Parkland, Queensland , Sundance
