Mr. Speaker, that will occur if our revenues remain as they are. Our spending has to be brought below our revenues, Mr. Speaker, and at our present rate of expenditure that is not occurring. So I do anticipate that if we do not get out of this recession, if the formula does not start to perform better, there may be some further losses of revenue from Canada; but that alone is not the problem. The problem is that we are spending more than we are taking in, Mr. Speaker. Thank you.
John Pollard on Question O132-12(2): Circumstances Of Deficit Position
In the Legislative Assembly on February 24th, 1992. See this statement in context.
Further 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 107
John Pollard Hay River
See context to find out what was said next.