Debates of February 12, 2018 (day 8)
Question 88-18(3): Resource Royalties in 2018-2019 Main Estimates
Merci, Monsieur le President. My questions are for the Minister responsible for Public Engagement and Transparency on his lengthy statement earlier today. He had to reach back in time to 20152016 and quote some figures from the main estimates, but can he tell me what is in the current main estimates of 20182019 in terms of royalties from minerals, oil, and gas extraction here in the Northwest Territories? Mahsi, Mr. Speaker.
Masi. Minister responsible for Public Engagement and Transparency.
Mr. Speaker, I do not have the main estimates in front of me. I do know, however, that there is likely to be a significant decline in these revenues. Thank you.
Thanks to the Minister for that. I can help him with his memory there. It is $13.46 million. It is found on page B14 of the budget address, and I am sure he is going to have the main estimates in front of him shortly. Tobacco taxes are $16 million. In the interest of transparency, can the Minister tell us who actually calculates and predicts these royalties?
I am not exactly sure how those revenue and royalty rates are set, but I will take the question as notice.
Masi. The question has been taken as notice. Oral questions. Member for Kam Lake.