Alberta Premier Unveils Plan to Get Province Off Roller Coaster of Resource Revenues

Alberta Premier Danielle Smith took to the airwaves on Feb. 21 to tell the province her government wants to rebuild the Alberta Heritage Fund as a way to move the province off the boom-and-bust cycle of an economy that depends heavily on oil. “In 2023, our province required about $16 billion of resource royalties just to balance our roughly $70 billion provincial budget,” Ms. Smith said in her address to the province at 6:30 p.m. MT. “Thankfully, we had a good year,” she said. “That said, we simply cannot continue to rely on $16 billion or more in resource revenues to balance our budget, year in and out—that is a recipe for massive debt and cuts to health and education.”...