Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Alberta Heritage Savings Trust Fund earned $2.1B in 2013-14; sits at $17.5B

EDMONTON - The Alberta government says its nest egg earned $2.1 billion in the last fiscal year — a 16 per cent rate of return.

The value of the Heritage Savings Trust Fund now sits at $17.5 billion.

Most of the money earned is being moved into general revenue to pay for government programs.

Just under $200 million is being kept in the fund, as required by law, to protect against inflation.

The heritage fund was set up under former premier Peter Lougheed as a long-term savings account generated by Alberta's oil wealth.

Initially, the government deposited 30 per cent of non-renewable resource revenues into the fund.

Those deposits stopped during hard times in the 1980s, but began again in 2005.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates