A new report just released cites the province needs to do a better job when it comes to managing our money. The report has suggestions on what Albertans must do now in order to maintain the province's prosperity over the next 30 years.

The report, Shaping Alberta's Future, suggests Alberta cannot use oil and other resource revenue to fund ongoing programs.

The government now spends money made on non-renewable resources such as oil on day-to-day bills.

But that is something the premier wants to see end.

"We're doing well as a resource based economy, but we can't depend on that economy well into the future," said Ed Stelmach.

The report was created over the last two years by an economic strategy council. The report is organized under five themes:

• Realizing the full potential of our energy resources - ensuring Albertans benefit from energy development as long as possible while addressing environmental impacts and entering new markets.

• Broadening the economic base - delivering new products and services into new markets, outside the U.S.

• Preparing to prosper in a global economy - ensuring Albertans are lifelong learners, healthy and globally informed.

• Providing a strong platform to sustain economic growth - wise management of water and land, and reliable transportation and communication systems to support global interaction.

• Investing in shaping the future - a strategic, disciplined approach to managing resource wealth.

"If we don't tackle the issue of funding and operating programs and expenses of government from natural resource revenues…we are going to hit another down cycle and it could be a very bad down cycle," said David Emerson, chair of the Premier's Council for Economic Strategy.

Experts are suggesting the province create something along the lines of a Heritage Savings trust fund, but the money cannot be touched.

"As opposed to taking our interest revenue to pay our day-to-day expenses -- how can we invest in building infrastructures and also investing in research and commercialization of that research?" said Stelmach.

But critics believe the report will wind up collecting dust on a shelf.

"I think the irony of this report is that it's of a blueprint of Alberta's future by a premier that doesn't have one," said NDP Leader Brian Mason.

But Stelmach believes this report speaks to the people.

"This isn't a government report, this is a report to Albertans. Albertans will drive the change."

The council will have one final meeting at the end of June to discuss the report in detail with Albertans and encourage Albertans to build on ideas and make them happen.

To view the report click here.

With files from Dez Melenka