Section 2

“Fiscal Stabilisation Reserve Fund” means the Trust Sub-Fund referred to in section 4(2)(a);

“Minister” means the Minister of Finance;

“Non-Oil Deficit” means the difference between Non-Oil Revenue and the total budgeted expenditure for the following financial year.

Interest earnings and capital gains on assets originating from oil revenue, gas revenue or both shall be excluded from the calculation of a Non-Oil Deficit;

“Non-Oil Revenue” means all revenue to the Government other than Oil Based Revenues;

“Oil Based Revenues” means the revenues to the Government derived from the oil and gas sector through all tax and non-tax channels, including all production based, equity based and profit-based instruments, as well as through bonuses and rental payments;

“Oil Based Revenue Projection” means the total Oil Based

Revenues used as an underlying assumption for the annual budget estimates, as recommended for approval by the Minister;

“Oil Revenue Shortfall” means the difference between the Oil

Based Revenue Projection and (if lower) the actual Oil Based

Sustainability Fund 4

Revenues received by the Government as determined by the

Minister;

“Retirement Fund” means the Trust Sub-Fund referred to in section 4(2)(b);

“Strategic Development Capital Fund” means the Trust Sub-Fund referred to in section 4(2)(c);

“Sustainability Fund” means the Sustainability Fund referred to in section 4(1);

“Trust Sub-Fund” means a Trust Sub-Fund referred to in section 4(2).

Non-derogation from Const. III.