B.C. Finance Minister Mike de Jong offered tax breaks and other support for the province’s natural gas and mining sectors on Tuesday, but little for the forest industry, the single largest contributor to the province’s natural-resource revenues.
Globe and Mail
The B.C. budget forecasts that natural-resource revenues will slide by nearly 7 per cent this year, thanks to lower revenue from energy sectors. But revenue from forestry is expected to deliver $835-million to provincial coffers – more than double the amount that will come from natural gas royalties – and is forecast to rise at a rate of 6.2 per cent over each of the next three years.
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