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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration, People

Mar pledges to rebuild Heritage Fund, trim government

Posted on 17 May 2011

Provincial Tory leadership contender Gary Mar released a fiscal blueprint Monday that pledges to build the Heritage Fund to $40 billion over a decade, allocate a specific amount of royalty revenue to savings and reduce the number of government ministries.
“Government has become addicted to using oil and gas money to pay for the day-to-day spending of government, while continuing to take billions in interest out of the Heritage Fund every year to help balance the books,” Mar said, as he announced his fiscal platform at Calgary’s Lougheed House……………………………………….Full Article: Source


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