Mr. Speaker, I appreciate that the member across the way may not have come here prepared to discuss the fiscal stabilization program. It is somewhat of an arcane topic.
I will suggest two of the key problems with it. Currently, it is limited to only $60 per capita for a province that qualifies. That is a very low amount. It contrasts with the current equalization program, which amounts to about $500 per capita. I think there is room to lift that cap on the fiscal stabilization program.
A second challenge with the current formula is that to qualify for fiscal stabilization, a province needs to experience more than a 5% drop in its non-resource revenues. That happened to Alberta in 2016, but it is a fairly extreme occurrence. What I would suggest is that we might be able to have a compromise whereby we include half of natural resource revenues in the formula for the fiscal stabilization program, much as we already do for equalization.