Thanks, Mr. Chair. So if you actually read the report from the committee, it provides the rationale for this recommendation. You know, the public accounts indicate that in 2020-2021, the GNWT collected $66 million in resource revenues but there's no note with that line item. There's a bit of a break down between minerals gross money -- its gross amount of minerals, oil, and gas royalties, licenses, rentals, and other fees, and then quarry fees. So it doesn't even indicate through a note that this is actually a gross amount. This is not very transparent reporting of revenues to our government. And that's what this recommendation is actually aimed at, is making sure that people actually understand what the government revenues are from the resources that are taken away from here. And, you know, I've had an ongoing exchange with the Minister of Finance and her staff about what that line item actually includes, and as I understand it, there was federal money that we get from the royalties collected at Norman Wells that are included in this amount, half the revenues actually go back to the federal government according to the devolution agreement, then, you know, a quarter of the remaining amount goes to the Indigenous governments that signed on to the devolution agreement. This is pretty complicated stuff, Mr. Chair.

So, you know, the public, they see this figure of $66 million and think well, that's great, that's what we get from resource revenues. That's not, and it's not a net amount either. So what this is really aimed at is improving the transparency of this reporting so that the public actually sees what the gross amount is, and there's a calculation of what the net amount is. This is not about what individual companies report or how they file their royalty returns with the Minister of ITI. This is about the transparency of revenues to government. So I -- you know, it's done a lot better in many other jurisdictions, and that's what this is aimed at doing, is making sure that the residents of the Northwest Territories, when they pick up the public accounts they actually understand what those figures really mean. So I fully support this and look forward to a response from the Minister of Finance on how we can improve this. Thanks, Mr. Chair.