What We Do
At Alberta Finance and Enterprise, you have the opportunity to become involved in unique work.
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Think balancing your cheque book is a challenge? Imagine doing it for the whole province. Or imagine working with Alberta ministries to develop their budgets, investing billions of dollars, collecting provincial taxes or regulating public pension plans. Imagine using your skills and knowledge to contribute to building a strong and sustainable Alberta.
Alberta Finance and Enterprise is responsible for:
- coordinating the budget;
- managing debt;
- leading and overseeing regulatory review;
- analyzing economic and financial trends;
- forecasting Alberta's economic future;
- economic, regional and industry development
- keeping taxes fair, competitive and simple;
- regulating insurance, pensions and financial institutions;
- managing revenue programs;
- managing financial assets;
- managing risk associated with liability exposure and loss of public assets; and
- regulating and fostering Alberta's capital market.
Budget and Fiscal Planning
Budget and Fiscal Planning (BFP) has responsibility for the government’s fiscal strategy, fiscal plan and Budget and for tax, savings, investment and liability management policy.
BFP advises and reports to Treasury Board Committee and Cabinet on the Government’s fiscal framework, strategy and alternatives, including tax and revenue policy options, the affordability and sustainability of government expenditures, providing multi-year revenue and expenditure projections, economic forecasting and statistical reporting, and surplus management policies.
BFP is responsible for and coordinates the overall budget process including setting timelines for the budget and the quarterly updates, preparing the fiscal plan and for public budget consultations. The division also monitors and identifies medium and long term trends that could affect the government’s fiscal plan.
In conjunction with Treasury Board staff, BFP identifies the fiscal plan implications of major spending decisions that will have a significant impact on the overall provincial budget. BFP also works with Treasury Board staff to identify and address the fiscal and liability management implications of alternate funding or financing approaches such as public-private partnerships.
Enterprise Division
Ensuring vibrant and sustainable economic development provincially and regionally is a primary role for the Enterprise Division. The Division works with the Alberta Economic Development Authority, Northern Alberta Development Council, industry sectors, businesses, communities and the Regional Economic Development Alliances to grow the province’s economy and make Alberta globally attractive and competitive. See the Enterprise Alberta section for more information.
Financial Sector Regulation and Policy
The Financial Sector Regulation and Policy Division (FSRP) is responsible for the regulation and, under certain circumstances, administration of credit unions, loan and trust corporations, financial institutions, insurance and public pension plans. It provides policy support and analysis to the Minister of Finance and Enterprise in these areas, as well as on Alberta Treasury Branches, public sector pension plans and the Canada Pension Plan.
The Capital Markets Policy area is responsible for long and short-term analysis and policy development to support the Ministry's objectives of a sustainable and competitive revenue structure, strong and viable capital markets and the appropriate investment of the Province's endowment and other funds.
Risk Management and Insurance
The Risk Management and Insurance Division (RMI) administers a program to protect, secure and preserve public assets against risk of significant accidental loss. RMI provides services to client ministries and agencies throughout government to help identify, measure, control and finance risk.
Tax and Revenue Administration
Tax and Revenue Administration (TRA) is responsible for the collection of revenue and the administration of Alberta Finance and Enterprise’s tax, revenue and related benefit programs. TRA also works with Policy and Strategic Planning on the development of tax policy within the province. The focus is a fair, competitive, simple and efficient provincial tax and revenue system. TRA has four branches: Revenue Operations, Audit, Tax Services and Business Technology Management. See the Taxes & Rebates section for more information.
Treasury Management
The Treasury Management Division (TMD) has responsibility for the Province’s on-going cash management including borrowing and investments, management of banking and cash forecasting, and arranging short and long term financing for the government and provincial corporations. TMD is also responsible for overseeing the investment of the assets of the general revenue fund set aside to retire debt, monitoring and managing loans and guarantees and providing financial advice to other government departments. See Provincial Debt information.
Human Resource Services
Human Resource Services provides support to the ministry by providing leadership in and delivering services to the ministry related to human resources planning, workforce planning, organizational development and consulting, labour relations, classification/compensation, staffing, workforce development and human resource management information.
Strategic and Business Services
Strategic and Business Services is responsible for providing leadership in, and delivering the services to the ministry related to business planning and reporting, business resumption planning, information management, corporate technology services, and financial and administrative policy, planning, compliance and reporting.
