Thank you, Madam Chair. I believe it was the Assembly before the last one, so probably the 17th Assembly, when they did the research, when they did the analysis, and they found out the three categories. Every year, we have been trying to address it. I know that it was pronounced at $40 million. We have addressed, in my belief, around $10 million of that. I think that we are sitting at about $30 million.
The major deficit at this point is in capital. We are pretty close to the other areas that need to be funded. It's just the capital. We have been working diligently. Municipal and Community Affairs has been working with the community governments to try to get capital funding for their communities successfully, actually, doing that work. It has been actually pretty good.
The community governments do have a gap, $30 million approximately. The GNWT has a gap of $101 billion. In my opinion, it would be unattainable to say that we are going to, in one year, or even in the term of this Assembly, address that deficit and start giving $30 million extra a year. For one, it hasn't been addressed. We haven't set our priorities. If that is one of the priorities, then we should be looking at it, but I have a feeling that we are going to have many priorities, based on the conversations that we have had here, so we have to be working within that.
Instead of saying that we are going to deal with that in four years, what I would like to say is that we have to deal with it on an annual basis. It has to be part of the equation, and every year, we have to be willing to work towards it. At some point, and I know that people might not like to hear this, bureaucrats, we are going to have to redo that study, because if the capital funding is one of the areas, for example, water treatment centres or community arenas, et cetera, and we have water treatment plants now in every single community in the Northwest Territories, is that still on the books? Those are questions that I have.
It might not be a popular thing within the government, but I think that, at some point, we are going to have to redo that study and see where we stand. I think that we all have to work at working together to bring the resources, the financial assets for all of us, the GNWT, the community governments, and the Indigenous governments. Thank you, Madam Chair.