When it was originally put in place, it had a $10 million budget. Like all other governments across the country, we are under fiscal restraint. I have recognized that and the Finance Minister has my cooperation in trying to find ways and means in which to keep our fiscal position in reasonable order. Therefore, we have had to reduce the amount of money that we have been accustomed to accessing. This past year we had $6 million in investment revenue in 1993-94. In 1994-95 it goes down to $5 million. At the present time, our accessibility of investment capital is very limited because of the reduction in the overall capital requirements of the corporation. Thank you.
John Todd on Question 303-12(5): NWT Development Corporation Funding Available
In the Legislative Assembly on March 16th, 1994. See this statement in context.
Return To Question 303-12(5): Nwt Development Corporation Funding Available
Question 303-12(5): NWT Development Corporation Funding Available
Item 5: Oral Questions
March 15th, 1994
Page 630
John Todd Keewatin Central
See context to find out what was said next.