Thank you, Mr. Speaker. Mr. Speaker, this year we will run a deficit of some $50 million. This year the forecast was to run a deficit of some eight million dollars. That will eat up our accumulated surplus, Mr. Speaker, and if we continue to spend in the manner in which we have been spending and our revenues from the federal government continue to decline, then next year we could see ourselves running a $75 or $80 million deficit. In two years that could grow to well over $100 million, Mr. Speaker. So when I say between $50 and $100 million, I am saying that could happen in the next two years. Thank you, Mr. Speaker.
John Pollard on Question O132-12(2): Circumstances Of Deficit Position
In the Legislative Assembly on February 24th, 1992. See this statement in context.
Return To Question O132-12(2): Circumstances Of Deficit Position
Question O132-12(2): Circumstances Of Deficit Position
Item 5: Oral Questions
February 23rd, 1992
Page 106
John Pollard Hay River
See context to find out what was said next.