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Sovereign Wealth Funds Briefing - Categorized | Market

Raid on piggy bank dangerous, but necessary

Posted on 11 February 2010

From Calgaryherald.com: With a $1.7 billion increase in spending and a record deficit of $4.7 billion, the provincial budget tabled Tuesday does nothing to assuage the concerns of fiscal conservatives that Alberta has a bad addiction to spending. If not for its rainy-day Sustainability Fund, the province would be falling back into debt and slashing spending drastically.
Alberta’s $13.8 billion Heritage Fund, operated as an endowment, remains untouched………………………………….Full Article: Source

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