State takes conservative view in forecast
Future revenues depend on the vagaries of future oil prices, future oil production and future expenditure by oil companies
With around 90 percent of the State of Alaska’s unrestricted income originating from oil-related revenues of one form or another, predicting those revenues and thus enabling the formulation of a state budget is a difficult but essential exercise.
And, given the unknowns and uncertainties in the vari....
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Forecast revenue drop
Increased lease expenditure
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