Report urges Saskatchewan to create heritage fund ASAP

REGINA – A new report accidentally emailed to media by the Saskatchewan government calls for the creation of a permanent fund for future development using one-time resource revenues.

The report by former University of Saskatchewan president Peter MacKinnon makes 10 recommendations to develop the fund.

It says starting next year, the province should put a cap on how much non-renewable resource revenue it uses for all purposes other than deposits to the futures fund.

It also says the futures fund should be set up as soon as possible.

Premier Brad Wall has said the province should look at saving money from non-renewable resources, such as oil and gas — but he’s said that’s after the debt is paid off.

The report was not scheduled to be released until next week.