Future governments can easily and unilaterally change any law passed by the legislature.
The province is currently experiencing a windfall of resource revenue.
The province's revenues could be up to $28 billion higher over the next two years.
According to recent forecasts, the province's resource revenue will likely be higher than forecast in Budget 2022.
Alberta’s budget deficit will be $5.8 billion in 2021/22—$12.4 billion less than originally forecast.
By limiting the amount of resource revenue included in the budget, the fund could restore discipline to government spending.
Provincial program spending increased from $8,012 in 1999/00 to $10,618 by 2006/07.
If there was ever a place that was the anti-Greece when it comes to public finances, it must be Alberta. Compare Alberta to many places around the world, be it European fiscal disasters, or even nearer to home, and in most decades, Alberta shines in comparison.