The government should learn from past experience and ensure new rules about the fund are constitutional.
alberta government finances
Program spending from 2023/24 to 2025/26 will be $6.4 billion higher than projected just three months ago.
Since the Heritage Fund's inception, in most years the government has made no contributions to the fund.
In 2022/23, Alberta's program spending was $13,570 per person, more than $1,200 higher than Ontario.
Every dollar that goes towards debt repayment is a dollar unavailable for important services or tax relief.
Young Albertans are paying the price today for the past 15 years of government debt accumulation.
The province’s debt interest costs have increased from $61 per Albertan in 2007/08 to a projected $672 per Albertan in 2023/24.
The government has increased program spending by nearly $10 billion since its original plan in 2022.
Every US$1 decline in oil prices reduces government revenues by an estimated $630 million.