| A former Norwegian finance minister says Alberta's new government should take inspiration on handling resource revenues from the same place her country found it — Alberta. "We were inspired by Alberta when we established our sovereign wealth fund," said Kristin Halvorsen, who was Norway's finance minister from 2005 to 2009 and led that country's Socialist Left party in a coalition government.
"But there have been many differences in how we established the fund." Alberta's new NDP government has promised to review how the province's oil royalties are raised and spent. That includes a look at the Heritage Savings Trust Fund, which was created by former premier Peter Lougheed in 1976 as a nest egg and repository for some of Alberta's non-renewable resource revenues to prevent them from distorting annual budgets...............................................Full Article: Source
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