The province's revenue will likely be even higher than forecast in Budget 2022.
The province's revenues could be up to $28 billion higher over the next two years.
Higher resource revenue accounts for nearly 80 percent of the $11.5 billion improvement in the province's budgetary balance in 2022/23.
The province's resource revenue is expected to increase from $3.3 billion in 2020/21 to $13.7 billion in 2021/22.
By 2043, Albertans aged 65 or older will account for a projected 19 per cent of the province's population.
Resource revenue will be $9.1 billion higher in 2022/23 than projected last year.
Other countries have built health-care systems that perform better than Canada’s at a comparable or lower cost.
Alberta's government finances deteriorated by roughly $97 billion over 15 years.
The Alberta government has not contributed any resource revenue to the Heritage Fund since 1986/87.