Wed, May 25, 2022
A A A
Welcome mteam
RSS

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

Alberta Plans Higher Investment, Debt to Counter Oil-Sands Crash

Posted on 28 October 2015

Alberta will boost investment in schools, hospitals and transportation projects and run deficits in a bid to stimulate growth as it confronts a collapse of oil-sands revenue that threw the western Canadian province into recession.
Producers in the province exported C$1.3 trillion worth of oil and gas between 1971 and 2015, most of which has been used to pay for health care, schools and transportation infrastructure. The province’s Heritage wealth fund is currently valued at about C$15 billion, compared with $1.1 trillion for Norway’s sovereign wealth fund, which was established after Alberta’s………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
May 2022
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031