The province is currently experiencing a windfall of resource revenue.
alberta heritage fund
According to recent forecasts, the province's resource revenue will likely be higher than forecast in Budget 2022.
The Alberta government has not contributed any resource revenue to the Heritage Fund since 1986/87.
By contributing to the Heritage Fund, the government would essentially transform a share of onetime resource revenue into a financial asset.
By limiting the amount of resource revenue included in the budget, the fund could restore discipline to government spending.
If Alberta had followed Alaska’s model, Albertans could have received $101.5 billion in dividends.
In 2020/21, Alberta’s non-renewable resource revenue will comprise only 4.7 per cent of provincial revenue.