I bring a very strong business acumen to this House. I have been in business for the last 45 years or more, and I think that there are other creative ways of looking at the deficit. I think that capital dollars are not being used and could be put to use in a different way. We are dealing with a lot of Aboriginal communities that have access to different means within the federal government way, but also within our own Aboriginal organizations that have been developed across Canada.
There is one in particular that I want to give you an example of; the first finance authority that has been developed that uses leverage for building capital expenditures at a 2-percent rate over a period of time. You are able to get the dollars on 2 percent, and that is unbelievable. You are able to do it over a period of time. If you go into an agreement with them, for our communities that are mostly Aboriginal, there are lots of creative ways of using those capital dollars in a different way. We have done in that in Fort Smith with Salt River.
There are other things that I think have to be looked at. We have to evaluate all of the departments and see where the overlap is. I think that we have to start doing things creatively.
I think also that it is extremely important, very important, that all of our businesses in the North have to be considered first, before any of the contracts, tenders, or anything else is ever considered to go south. We have to be able to look after the business community and all of the resources in the Northwest Territories the way that it should be, because it is not. That is why people in our communities are upset, because they are not able to access many of these larger contracts.
We should also make sure that the Indigenous communities that have corporations that do this type of work are also considered. It is extremely important that we also make sure that the whole community and the whole business area of it is looked after together, because it is extremely important that we all benefit from that.
When our own communities are benefitting, the whole community benefits, the whole Northwest Territories benefits, and that is the way that the economy has to flow in order for us to get out of this deficit.