Finance Minister Doug Horner has said he expects a better bottom line this year due to a lower Canadian dollar.
A falling loonie hikes the value of Alberta's energy exports, which are valued in U.S. dollars.
Horner has also promised that the budget will stay tight despite a strong provincial economy.
Premier Alison Redford's government has forecast a deficit in this year's operating budget and is on track to run up $17 billion in capital debt by 2016.
Redford and Horner have said the spending is necessary to keep up with a rapidly growing population now at four million.