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1108ALTA
Alberta urged to pump up Heritage Fund to $100 billion
Alberta`s "ad-hoc" approach to saving is putting the province`s future prosperity at risk and demands the Heritage Fund be boosted to $100 billion by 2030, warns a new government-commissioned study.
The report of the Financial Investment and Planning Advisory Commission also cautions that Albertans will face deficits within five years and 40 per cent tax hikes within about 20 years unless the province curbs spending and subscribes to an aggressive savings plan.
http://www.canada.com/calgaryherald/news/s...db-918781ce03c8
Alberta urged to pump up Heritage Fund to $100 billion
Alberta`s "ad-hoc" approach to saving is putting the province`s future prosperity at risk and demands the Heritage Fund be boosted to $100 billion by 2030, warns a new government-commissioned study.
The report of the Financial Investment and Planning Advisory Commission also cautions that Albertans will face deficits within five years and 40 per cent tax hikes within about 20 years unless the province curbs spending and subscribes to an aggressive savings plan.
http://www.canada.com/calgaryherald/news/s...db-918781ce03c8