Thank you, Mr. Chair. I guess the only thing I would add is that as the royalties change, then so will the contributions to the Heritage Fund and what we provide the Aboriginal governments under the Resource Revenue Sharing Agreement tied to the devolution file agreement. When we originally put together the budget for the previous year, the estimates at that time, based on the information, were much higher. Now, instead of looking at $120 million at that time, we’re looking at average revenues of $109 million but there’s lots of volatility in that revenue stream. We’re predicting about $80 million in 2015-16, so the net fiscal benefit is $40 million. The Aboriginal governments’ share of that will be around $10 million and we’ll look to around $8 million or just under $8 million to the Heritage Fund, which will leave $23 million left for infrastructure and debt management. Thank you.
Mr. Aumond on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on February 16th, 2015. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
February 15th, 2015
Aumond
See context to find out what was said next.