Heritage Savings Trust Fund

• 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
  
• 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
  
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• 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
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• 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
• 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
• Prentice kills flagship investment bill passed by former premier Redford

  The legislature voted Wednesday to kill a flagship investment bill passed by the Tories in the spring when Redford was still in charge.

  Politics

  Dec 10, 2014