Opinion: Surplus exposes lack of a debt reduction strategy in Sask.

A student studying government debt reduction argues in favour of a sovereign wealth fund that has been proposed for Saskatchewan.

Yet even when Saskatchewan had its own heritage fund, the returns of the fund went to general revenue, hindering the growth in the size of the fund.

Yet even in preparing for resource revenues to return to their median, former finance minister Kevin Doherty stated that the premier’s campaign promise was to “manage within the revenues available to us at $75 and save the rest or pay down debt” — emphasis on the “or” as seven years have passed and Saskatchewan still does not have a sovereign wealth fund.Article content

Yet looking at Alberta’s Heritage Savings Investment Trust, equity investments averaged more than 10 per cent in the last 10 years, and despite ongoing uncertainty with the war in Ukraine, equity returned 18 per cent in the last annual report of the trust.Article content

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