Heritage Savings Trust Fund

• Alberta rainy day Heritage Fund hits $30B after injection of $2.8B from surplus

  Premier Danielle Smith's government wants the Heritage Fund to hit $250 billion by 2050 so future Alberta governments can spend investment returns without draining the fund.

  Politics

  Jul 18
  
• New Crown corporation to oversee Alberta’s Heritage Savings rainy day fund: Smith

  The Heritage Savings fund was created in 1976 by former premier Peter Lougheed to set aside resource revenues, but subsequent governments have dipped into the piggy bank as needed.

  Politics

  Jan 29
  
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• Premier Smith says restraint needed in Alberta budget 2024, vows to build Heritage Fund

  Lower revenues and the volatile price of oil and gas has prompted Alberta to think of a long-term strategic financial plan to have a “stable, balanced budget,” Premier Smith said.

  Politics

  Feb 21, 2024
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• Alberta creates fiscal accountability plan to require balanced budgets

  With a few exceptions, Alberta governments will be required to table balanced budgets and limit spending increases to population growth plus inflation.

  Economy

  Feb 28, 2023
• Alberta to use $13.2B budget surplus to pay down debt, put cash in piggy bank

  Jason Nixon says the plan is to make a $13.4-billion repayment on the provincial debt and add almost $3 billion to the Heritage Savings Trust Fund.

  Politics

  Aug 31, 2022
• Alberta should copy Alberta on oil royalties

  A former Norwegian finance minister says Alberta's new government should take inspiration on handling resource revenues from the same place her country found it — Alberta.

  Politics

  Jun 4, 2015
• Albertans to contribute directly to cost of health-care with new levy

  Six years after Alberta Health premiums were vanquished, Premier Jim Prentice says Albertans will face a new health-care levy to help fill a multibillion-dollar revenue hole in the provincial budget.

  Money

  Mar 25, 2015
• Study says Alberta not stashing enough royalties

  The Calgary Chamber of Commerce says there would be an extra $150 billion in the Heritage Savings Trust Fund if Alberta put aside resource taxes the way Norway does.

  Money

  Mar 18, 2015
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• Alberta overspent on pensions and contracts, says Fraser Institute

  A right-leaning think tank is blaming population growth and spending increases well above inflation for the current budget crisis in Alberta.

  Money

  Feb 20, 2015