Thank you Mr. Speaker. The cuts that were determined by the Federal Government which is approximately 5% of our base, roughly about $60,000,000 was for the period of time that the formal financing arrangement was in place which is until the 31st of March, 1999, so I cannot speak for Mr. Martin, but I am fairly confident at this time that I do not think there will be, but I have to qualify any other significant cuts to the base. So I think it is important to say that cuts to the base of $60,000,000 was only one part of the fiscal problem of this government. The other part of it was the forced growth in the social envelope. The lack of job opportunities, burgeoning population base, demands for services etc, so you cannot just simply up load all the problem on Mr. Martin and the Federal Government, we have to take some responsibility. I have, as the Minister of Finance, as we move forward in a two-year strategy to balance the budget for the future children of the two new territories. Thank you.
John Todd on Question 494-13(3): Outlook For Future Budget Reductions
In the Legislative Assembly on October 15th, 1996. See this statement in context.
Further Return To Question 494-13(3): Outlook For Future Budget Reductions
Question 494-13(3): Outlook For Future Budget Reductions
Item 6: Oral Questions
October 14th, 1996
Page 1137
John Todd Keewatin Central
See context to find out what was said next.