When resource revenue is relatively high, the government faces pressure to increase spending.
It’s Time to Get Off the Resource Revenue Rollercoaster: Re-establishing the Alberta Sustainability Fund
By reducing provincial debt, the province would be better prepared for the next inevitable shock.
A portion of earnings from Alaska's fund are paid to Alaskan citizens as dividends.
In 2022/23, resource revenue is projected to be $28.4 billion, the highest level on record.
The province will run a $13.2 billion projected surplus in 2022/23 due largely to resource revenue.
From 2008/09 to 2020/21, the province's net financial position deteriorated by almost $100 billion.
In 2017, the province's per-person spending reached its highest level since 1965.
Alberta’s fiscal improvement is good news, but without significant policy changes, it will only last so long as commodity prices stay high.