Heritage Savings Trust Account safe despite economic challenges: Prentice
Posted Dec 24, 2014 8:20 am.
This article is more than 5 years old.
Premier Jim Prentice says a $5-billion contingency fund should help soften the economic blow to Alberta next year.
However, during a year-end interview with 660News Prentice said the cash won’t totally offset the expected revenue blow from the recent plunge in world oil prices.
He said he has a committee studying the fiscal challenges, adding all Albertans will be asked to make some financial sacrifices.
“It would be the same as if in your family you lost 20-per cent of the salary coming in the front door,” explained Prentice. “It would cause the family to make some tough choices and that’s the position we’re in as a province.”
The premier also said he has no plans to siphon any money out of the Heritage Savings Trust Account which tops $17-billion to help pay the bills in 2015.
As for what is on the premier’s Christmas wish list?
He said he is just looking forward to a little peace and quiet with the family.
