Premier Smith:Alberta's Record-Breaking Heritage Fund Reaches $30 Billion

Alberta's Record-Breaking Heritage Fund Reaches $30 Billion - Investing in a Sustainable Future



Dear Fellow Albertans,

Today marks a significant milestone for our province as we announce that the Alberta Heritage Fund has reached a record high of $30 billion. This achievement underscores our government's unwavering commitment to fiscal responsibility and long-term planning for a sustainable future. For too long, we have seen the challenges that come with dependence on oil and gas revenue, and we recognize the necessity of diversifying our economy.

Our strategic investment in the Heritage Fund is a testament to our foresight and determination to ensure that the prosperity of Alberta is not solely tied to the unpredictable nature of commodity prices. By saving and investing wisely, we are laying the foundation for a future where our children and grandchildren can benefit from the same quality of life that we have come to cherish.

The growth of the Heritage Fund is not merely about amassing wealth; it's about what this wealth represents:

- **Security**: By reducing our reliance on volatile resource revenues, we are safeguarding the future of essential public services such as healthcare and education, ensuring they remain accessible and of the highest quality.
- **Prosperity**: The Fund will provide the means to continue investing in infrastructure and programs that foster economic growth and create opportunities across our diverse provinces.
- **Stability**: A robust savings plan acts as a buffer against economic downturns, ensuring that the quality of life for all Albertans remains stable even in the face of market fluctuations.
- **Fiscal Prudence**: We are committed to maintaining low taxes for future generations by making sound financial decisions today.

Our ambitious target of growing the Fund to $250 billion by 2050 reflects our long-term vision for Alberta's prosperity. This goal is not only attainable but imperative for the resilience of our province. The funds will be managed responsibly, with a focus on long-term growth and stability, to serve as a legacy for all Albertans.

This milestone is a clear indication that we are on the right track. However, we must not rest on our laurels. The journey to $250 billion requires ongoing dedication and discipline. We will continue to seek innovative ways to enhance the fund while ensuring that it remains a pillar of our fiscal strategy.

Our government is committed to creating a province where families can flourish, communities can develop, and businesses can thrive. By making these smart investments in our future, we are not just growing the size of our collective savings account; we are investing in the very fabric of Alberta.

Thank you for your continued support as we work towards a more prosperous, diverse, and sustainable Alberta. Together, we will build a legacy of which we can all be proud.

Sincerely,

[Danielle Smith]
[Premier of Alberta]
Government of Alberta