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Alberta needs $100B in Heritage fund: report

Alberta should pump cash into savings with the goal of creating a $100-billion Heritage Fund by 2030, according to a new report. The publicly commissioned report, which the government sat on for 10 months, recommends the province set aside a fixed share of its total revenue each year. The report doesn’t recommend a specific amount that should be banked, but discusses various options for reaching the 2030 goal. Jack Mintz, lead author of the report, does caution, however, that if the government saves five per cent of its revenues, it will need to slow it spending growth by roughly 0.8 per cent of GDP or $1.9 billion.
http://www.canada.com/calgaryherald/news/story.html?id=e9bd5479-71b9-4a3c-ad54-037daf9e0ab5

Calgary Herald

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