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Gov. Walker: Alaskan Permanent Fund

Published by , Digital Assistant Editor
World dzԹ,


As part of plans to reduce the US$3 billion budget deficit, Gov. Bill WalkerdzԹs administration has put forward a Permanent Fund budget proposal into which would go all of the statedzԹs oil and gas revenue. The information was given at a briefing on 28 October for lawmakers who were invited to discuss the Alaskan LNG gas line. WalkerdzԹs administration expects that this plan could generate approximately US$3.3 billion/y. In order to prevent against stock market drops, a portion of the funddzԹs annual growth would go to the funddzԹs earnings reserve, which would act as a buffer.

dzԹIt is now clear that, barring a change in the economic environment, that our financial wealth assets will generate substantially more income than petroleum revenues in the future,dzԹ said Attorney General, Craig Richards on Wednesday morning.

Royalty Dividends would be linked to AlaskadzԹs oil production, though if the construction of a natural gas pipeline does take pace, this could offer a boost.

Further details of WalkerdzԹs administrationdzԹs budget plan are expected to be released in January.

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Read the article online at: /contracts-and-tenders/30102015/gov-walker-alaskan-permanent-fund-1680/

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