Pipelines and Oil Companies

[farming101]

While I highly doubt The Fund could ever be wiped out it will be interesting to see the next report.

[shtferbrains]

"According to Fumbling the Alberta Advantage, a Fraser Institute report written in 2015, "Between 2005/06 and 2013/14, and adjusted for inflation, the province of Alberta garnered $101.3 billion in resource revenues."[20]:2

Given what is now known about the spending patterns of the last decade—that Alberta spent an extra $49.2 billion on programs above inflation and population growth—a deposit of 25% of resource revenues, or $25.3 billion, into the Heritage Fund would not have been unreasonable had program spending been more carefully controlled. Instead, the province deposited just $4.5 billion, or 4.5% of all resource revenues between 2005/06 and 2013/14."

Interesting numbers Chuck.

Thanks for posting that.

Did Mr. Trudeau's relief packages last week not put his budget into 101 billion dollar deficit for this year?

I might be wrong, but that number in the top paragraph rang a bell.

Good thing the budget will balance itself because the shit hasn't hit the fan yet IMHO.

We're so screwed.