Note the variance from the numbers cited in the earlier post.
In the first try at crunching the numbers, Memorial University economist Wade Locke -- one of the province's leading experts on offshore revenue deals -- has found if Newfoundland were to stick with the Atlantic Accord and the old equalization formula until 2020, it would receive $18.5 billion in combined revenues.While the 100% exclusion might be better, if it is politically impossible, then it really doesn't exist.
But if the province follows an optimal strategy -- where it would leave the accord in 2009 and opt into a formula where a fiscal cap is implemented and 50 per cent of non-renewable natural resource revenues are included -- it would receive $24.1 billion, Locke said.
On the other hand, the O'Brien approach - trashed by the Premier and others - generates significant extra cash compared to the existing arrangement for Newfoundland and Labrador.
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