After two weeks of silence, Finance Minister Blaine Higgs has finally offered an opinion on his government's decision to offer millions in property tax cuts.

But it’s still difficult to say if he is for or against them.

"As minister of finance, I don't want to give up any revenue," Higgs told reporters when asked for his position on the tax cuts during a media scrum at the legislature on Tuesday.

"I have to be balanced too in my approach and I understand that, but it's challenging,” he said.

On Nov. 29, Local Government Minister Bruce Fitch introduced a four-year plan to cut provincial property tax rates for business, rental, farm and cottage properties by an estimated $49 million.

Finance Minister Blaine Higgs has been tight-lipped about his government's plan to overhaul the property tax system. (CBC)

Business rates are to be cut 15 per cent and although several thousand companies will benefit, a review of 2012 property tax assessments by CBC News showed the heaviest advantage would go to several large property owners.

NB Power will save $1.5 million alone on its property tax bill once the policy is fully implemented, followed by JD Irving Ltd. at $800,000 and the Potash Corp. of Saskatchewan at $600,000.

Opposition Leader Victor Boudreau asked Higgs several times last week in the legislature for his position on the tax cuts. But Higgs remained seated as Fitch answered instead.

Boudreau said it was obvious Higgs was uncomfortable with the government policy.

"I know why the minister of finance is not getting up on this issue. It is because the government is scared of what he is going to say," said Boudreau.

Last January, Higgs flatly dismissed property tax cuts as unaffordable during public pre-budget consultations he held throughout the province.

And although tax changes are normally shepherded through the legislature by the minister of finance, Higgs played no role in their introduction, defence or passage.

That job went to Fitch exclusively, who nevertheless needed finance department officials to assist him in the legislature as the policy was debated in committee of the whole hearings.