The province's revenue will likely be even higher than forecast in Budget 2022.
Resource revenue will be $9.1 billion higher in 2022/23 than projected last year.
By contributing to the Heritage Fund, the government would essentially transform a share of onetime resource revenue into a financial asset.
Reforms in the 1990s led to a marked decline in welfare dependency and reduced spending on social assistance.
The price of Brent Crude oil could reach US$100 per barrel in 2022 due to a surge in demand.
By making fiscal rules constitutional in nature, governments can protect them from being ignored.
Between 2008/09 and 2019/20, the province's net debt increased by $71.8 billion.
Albertans will likely vote on equalization in October.
Provincial program spending increased from $8,012 in 1999/00 to $10,618 by 2006/07.