AB releases Budget 2022

The Government of Alberta has released its Budget 2022. The Ministry of Advanced Education projects that the percentage of the operating expense funded by own-source and reserves will increase to 53% for 2022-23. AB has also announced that it will invest $600M over three years into an Alberta at Work initiative, which will see AB’s K-12 and postsecondary education systems help Albertans to build a solid foundation, develop their work skills, and secure and advance in their careers. The investment will include targeted enrolment expansion in areas such as technology, agriculture, and financial services; funds for reskilling and upskilling opportunities; and $30M for apprenticeship expansion programs. Global News reports that University of Alberta and University of Calgary have both expressed “mixed feelings” about the budget, which supports student enrolment but continues to reduce provincial grants. AB Fiscal Plan (PDF)| Globe and Mail| Global News (CP)| Global News| CTV News Note: Archived stories may contain dead links or be missing source links.