The Financial Administration Act defines the process of appropriation of public money and the manner by which government must account to the Legislature and the public for spending. As well, it establishes the Treasury Board as the province’s ultimate financial management committee and its authority over financial information and activity in the province. It also determines standing financial management policies and delegations of Treasury Board authority.
The Fiscal Planning and Transparency Act reflects the government’s desire to present Alberta’s finances in a clear format that follows public sector accounting standards and is supported by the Auditor General. These acts, as well as the Government Organization Act, maintain the financial management framework of the province.
The Results-based Budgeting review, initiated through the Results-based Budgeting Act in February 2012, required the Government of Alberta to review the relevance, effectiveness, and efficiency of all government programs and services, including those offered by provincial agencies, boards, and commissions. The multi-year program review, conducted over three distinct review cycles, was completed in 2015. The sixth and final report to Albertans was released in November 2017. For further details, see: