In clause 3, it talks about some restriction in clause 3(3), saying there may not be a deficit in the 1998-99 fiscal year. During the past five years we have been accumulating debt and accumulating a deficit. We've incurred, I believe, over $150 million of debt in the last four or five years. Next year, we're projecting another $50 million plus. How does this bill account for accumulated deficits, accumulated debt?
Fred Koe on Bill 30: Deficit Elimination Act
In the Legislative Assembly on April 27th, 1995. See this statement in context.
Bill 30: Deficit Elimination Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
April 26th, 1995
Page 1094
Fred Koe Inuvik
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