Examples of Net Fiscal Benefit in a sentence
The Net Fiscal Benefit is the amount of resource revenue that the GNWT can keep each year – and that will not be deducted from its annual Territorial Formula Financing payment from the federal government.
Chapter 10 explains how the Net Fiscal Benefit is calculated, and refers to an agreement with Aboriginal Parties that will set out how it will be shared.
The draft GNWT Devolution AIP, Chapter 12, calls for 50% of resource revenues to be offset against the formula financing annual grant, and that the Net Fiscal Benefit from resource revenues should be capped at 5% of the GNWT Gross Expenditure Base (GEB).
The amount of the Net Fiscal Benefit will depend on the amount of resource revenue generated from public lands in the NWT each year.
The GNWT has agreed to share 25 per cent of the Net Fiscal Benefit with Aboriginal governments.
The maximum Net Fiscal Benefit is equal to 5% of the GNWT’s Gross Expenditure Base in that year.
Weighted by discretionality index.............................................................................................................................................31Figure 15: Net Fiscal Benefit by provinces, 2002 (pesos per capita) 43Figure 16: Population per representative (underrepresentation) as an explanation for the distribution of the Net Fiscal Benefit per province.
However, after Territorial Formula Financing offsets, the GNWT will receive a Net Fiscal Benefit of 50 per cent of resource revenues to a cap of about$70 million in 2014-15 and growing annually.
The detailed results are shown in Schedules 2.1.7 to 2.1.12, and a summary of the resulting GNWT budget is shown in Table 2.1.5. Table 2.1.5 (with 100% Net Fiscal Benefit and 15% Cap, per Modified AIP) Cumulative Results of Alternative Forecasts of GNWT Budget , 2011 to 2040The Potential surpluses over budgeted expenditures are 9.8% and 12.2% in the Middle and High Cases, respectively.
The State Net Fiscal Benefit is $276 Million after updating the RCLCO analysis for certain reconciliations with are outlined in the attached “FOHD – RCLCO State Fiscal Benefit Reconciliation – 240117_v01.xlsb” Also see copied “RCLCO – Fiscal & Economic Impact Analysis – 230918.pdf” 17.