Alberta rainy day Heritage Fund hits $30B after injection of $2.8B from surplus
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 18/07/2025 (252 days ago), so information in it may no longer be current.
EDMONTON – Alberta’s rainy-day Heritage Fund is getting an extra $2.8 billion, hitting a record high of $30 billion, which is almost double what it was five years ago.
Alberta Premier Danielle Smith’s government wants it to hit $250 billion by 2050 so future governments can spend investment returns without draining the fund.
Smith says it’s still on track to hit that benchmark in 25 years.
The aim is to shield Alberta’s budget from the resource revenue roller coaster that has plagued past budgets.
The latest investment comes from a cash surplus of more than $5 billion that the province can spend out of an $8.3 billion bottom line surplus from the last fiscal year.
Horner says because past governments raided the piggy bank, the province missed out on hundreds of billions of dollars in returns.
“We know from the past that the fund cannot be beneficial if we do not have a strong framework to retain income in the fund and contribute when we can,” he said Friday.
This report by The Canadian Press was first published July 18, 2025.