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As part of plans to reduce the US$3 billion budget deficit, Gov. Bill Walker麻豆传媒映画檚 administration has put forward a Permanent Fund budget proposal into which would go all of the state麻豆传媒映画檚 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. Walker麻豆传媒映画檚 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 fund麻豆传媒映画檚 annual growth would go to the fund麻豆传媒映画檚 earnings reserve, which would act as a buffer.

麻豆传媒映画淚t 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,麻豆传媒映画� said Attorney General, Craig Richards on Wednesday morning.

Royalty Dividends would be linked to Alaska麻豆传媒映画檚 oil production, though if the construction of a natural gas pipeline does take pace, this could offer a boost.

Further details of Walker麻豆传媒映画檚 administration麻豆传媒映画檚 budget plan are expected to be released in January.

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