EDMONTON - The Alberta government says its nest egg earned $2.1 billion in the last fiscal year — a 16 per cent rate of return.

The value of the Heritage Savings Trust Fund now sits at $17.5 billion.

Most of the money earned is being moved into general revenue to pay for government programs.

Just under $200 million is being kept in the fund, as required by law, to protect against inflation.

The heritage fund was set up under former premier Peter Lougheed as a long-term savings account generated by Alberta's oil wealth.

Initially, the government deposited 30 per cent of non-renewable resource revenues into the fund.

Those deposits stopped during hard times in the 1980s, but began again in 2005.

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  • The Diverse Landscape

    "I love that in Alberta we have a sampling of everything. Mountains, prairie, forest, and badlands." - Lisa Fiderko

  • The Seasons!

    "The way the frost covers the trees... They are beautiful. I love the light fluffy snow... And there is nothing like a late fall... Laying in the fresh cut wheat fields, soaking in the sun, cool breeze blowing your face ... the beautiful yellow canola fields .... Just golden.... And the best is the amazing northern lights we are able to see..... Sigh. I love Alberta." - Amber Morin

  • The Sky at Night

    "The night sky... Absolutely stunning!" - Lauri Sadlemyer Braat

  • The Sky, Again

    "The sunsets, the chinooks..." - Star Shelly

  • The People - Past and Present

    "The history of strong, inspiring women and the can-do, independent spirit and generosity of the people." - Star Shelly

  • Opportunities To Enjoy Nature

    "Blue sky, the Rockies, the lakes, the hiking, fresh air." - Joy Mamer

  • Happy Folks

    "The optimism of the people." - Anthony Aleksic

  • Lots of Work To Be Had

    "Jobs!" - Susan Cowtan Cherkas

  • The Beautiful Views

    "Landscape. The stretch of prairies that go on forever. From a plane it looks like beautiful patchwork quilt sewn together. The colors of the seasons. The air is dry not so much humid as other places. Also the lakes and forests up north. Our mountains to the west. And chinook winds in the south and full of history." - Jessie Clarke

  • A Chance To See These Fellas

    "The wilderness." - Roddy Wolf Cross

  • The Sunsets.. Again

    "The forever sunsets." - Michelle Jesse Benko

  • Stuff Gets Done

    "Blue sky, mountains and I can actually see my tax dollars being spent on roads, etc." - Dy No-Gucci

  • These Pops of Yellow

    "Canola fields." - Star Roshuk

  • It's Not Anywhere Else

    "It's not Ontario." - John Collison

  • Weekend Getaways On The Cheap

    "Great camping." - Krista Klippenstein Servant

  • The Sometimes-Crazy Weather

    "I don't live there anymore but loved the electrical storms that lit up the night sky. We don't get much of that on the West Coast." - Robin Yeager

  • Everything Is So Stunning

    "It's so beautiful here!" - KOVACS SPORTSWEAR

  • The Wide-Open Spaces

    "When your husband leaves and your dog leaves you can watch them for 6 days woohoo." - Jennifer De Guglielmo Hayes

  • The Spirit of the People

    "The Maverick Spirit of the people. It's an amazing place!" - Agnieszka Helena

  • The Lay of the Land

    "Love the topography - nature. The way the mountains fall into the foothills and then smooth out into the prairies. The majestic vistas and the open wide skies." - Rod R Campbell