Quote:
Originally Posted by Roughneck
I wish we’d budget no royalty revenue for operations and they all go to capital and savings/debt reduction.
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Yeah. Imo all royalty revenue should be considered capital, and should go to debt reduction/heritage trust fund, and then spend 100% of the sustainable income from the fund (say 4% of starting balance per year) as general revenue. That would be a big reduction in current revenues, so maybe the first $x billion per year (not indexed) could also be general revenue to try and wean our government of royalty dependence.