| In 2014, the government reported the Heritage Savings Trust Fund was worth $17.5 billion on March 31, 2014 and had achieved a 10-year annual average return of 7.5 per cent. However, in 1987, the value of the fund was $12.7 billion. In the intervening 27 years of Progressive Conservative governments under Don Getty, Ralph Klein, Ed Stelmach, Alison Redford and Dave Hancock, the fund grew by an average of only 1.4 per cent annually.
Adjusting for inflation averaging 3.1 per cent annually over the same period, the fund actually shrank in real terms by 33 per cent since 1987. The fund was established by Peter Lougheed in 1976 with an initial contribution of $1.5 billion from general revenue. Thirty per cent of Alberta’s resource revenue accrued to the fund from 1976 to 1982...............................................Full Article: Source
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