The key issue with the Heritage Fund has been the political debates over the amount that goes into the Heritage Fund. We came forward with 5 percent. We’ve had the debate. Clearly, the money is not going to flow into our coffers where we’ll actually have the cash until 2015, but the critical decision as a government was what we are going to put in, as a Legislature, what we are going to agree to earmark to go into that Heritage Fund. If we would have waited until next year, then the 5 percent in the budget would have gone into the fund. So there was a need to have that political debate, even though the money isn’t going to flow until some months hence. This was the first opportunity to clarify that and we’ve done that.
Michael Miltenberger on Question 78-17(5): Heritage Fund Allocation
In the Legislative Assembly on February 11th, 2014. See this statement in context.
Question 78-17(5): Heritage Fund Allocation
Oral Questions
February 10th, 2014
Thebacha
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