When resource revenue is relatively high, the government faces pressure to increase spending.
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.
The province's revenue will likely be even higher than forecast in Budget 2022.