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Alberta’s Rainy Day Fund Hits $30B

ALBERTA, CANADA, JUL 18 – The $2.8 billion investment raises the Alberta Heritage Fund to $30 billion, nearly doubling its size in five years and aiming for $250 billion by 2050 to ensure economic stability.

  • Alberta's Heritage Savings Trust Fund reached a record $30 billion on July 18, 2025, following a $2.8 billion new infusion.
  • The fund was created in 1976 to offset future gaps from oil and gas royalties and aims to shield the budget from revenue volatility.
  • Premier Danielle Smith's government established the Heritage Fund Opportunities Corp. last year to accelerate fund growth and manage new assets.
  • Finance Minister Nate Horner emphasized that past experience shows the fund cannot succeed without clear policies to preserve its earnings and make contributions when possible, and he highlighted projections that the fund could reach $250 billion by 2050.
  • The $2.8 billion addition came from a $8.3 billion surplus, with plans for future governments to spend returns without draining the fund while aiming to reach the $250 billion target.
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Alberta rainy day Heritage Fund hits $30B after injection of $2.8B from surplus

Alberta’s rainy-day Heritage Fund is getting an extra $2.8 billion, hitting a record high of $30 billion, which is almost double what it was five years ago.

·Kelowna, Canada
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The Hamilton Spectator broke the news in Hamilton, Canada on Friday, July 18, 2025.
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