Alberta’s 2025 budget tabled on Feb. 27 projects a $5.2 billion deficit, while doubling the province’s contingency fund amid tariff threats and accounting for $1.2 billion in personal income tax cuts.
Alberta Finance Minister Nate Horner called the province’s 2025-2026 budget one of “tough but measured choices.” He said the budget addresses the needs of Alberta’s growing population while preparing for the potential economic impact of U.S. tariffs on Canada as well as the risks of revenue volatility.
Earlier in the day, U.S. President Donald Trump said the threatened tariffs—25 percent on all Canadian and Mexican goods and 10 percent on Canada’s energy exports—will take effect on March 4, arguing that Canada and Mexico haven’t done enough to address drug smuggling.
