TLDR:
- Alberta’s finance minister believes growing the Heritage Fund to $250-400 billion is possible
- However, current budget projections show a reliance on resource revenues and little room for surplus
Alberta’s Finance Minister, Nate Horner, released a $73 billion budget with a small surplus, highlighting the province’s dependence on resource revenue. While the government aims to grow the Heritage Fund significantly, experts point out the challenges in reducing reliance on volatile resource revenues. With record oil production expected, the province needs to make significant strategic decisions to achieve its long-term financial goals.
