CCVO Releases Budget 2022 Analysis for Nonprofits
CCVO has recently released their in-depth analysis of Budget 2022 for nonprofits. Under the theme of “moving forward”, this budget outlined a fiscal plan for the next three years, with the focus on economic recovery in Alberta. In this budget, the Government of Alberta announced three key priorities and outlined their objectives for each priority area in the strategic plan. The budget projects total revenue of approximately $62.6 billion while total expenses, including the COVID-19 Recovery fund, will equal approximately $62,096 billion, leaving a surplus of $511 million.
Government of Alberta Budget 2022 Analysis
The budget projects total revenue of approximately $62.6 billion while total expenses, including the COVID-19 Recovery fund, will equal approximately $62,096 billion, leaving a surplus of $511 million. While this budget represents a projected surplus, it does not recognize the importance of community recovery or identify the nonprofit sector as a leader in that effort with any major new investments to support community recovery. In terms of the sector, the focus is on debt elimination and maintaining status quo, stating “until the debt is eliminated, resources will continue to be used to pay interest costs rather than being directed to delivering the important government programs and services that Albertans rely on”.
Budget 2022 and Community Prosperity in Alberta: Initial Analysis from CCVO
Budget 2022-23 in Alberta was tabled Thursday, February 24th, 2022. Under the theme of “moving forward”, a fiscal plan was outlined for the next three years (2022-2025) with the focus on economic recovery in Alberta. Alberta Budget 2022-23 is overall a maintenance budget of the province’s investment in the work of Alberta’s community nonprofits. It is not a budget that supports community recovery or that recognizes investment in community prosperity as an important and necessary element of Alberta’s economic recovery, which CCVO outlined in our 2022 budget submission.