Thank you, Mr. Speaker. Mr. Speaker, my question is for the Minister of Finance. We have heard over the past few months from this government that one of the main reasons why our transfers from the federal government have decreased is because of the perversity factor built into our formula financing agreement. This means that when southern jurisdictions reduce their spending we, in turn, have a reduction in our grant. Will the Minister be approaching the federal government to somehow try and renegotiate said formula, because of our growing accumulated deficit? Thank you, Mr. Speaker.
Edward Picco on Question 125-13(3): Renegotiation Of Formula Financing Agreement
In the Legislative Assembly on May 2nd, 1996. See this statement in context.
Question 125-13(3): Renegotiation Of Formula Financing Agreement
Item 7: Oral Questions
May 1st, 1996
Page 166
Edward Picco Iqaluit
See context to find out what was said next.