Yes, Mr. Speaker, we're well aware of the implications of the deficit reduction strategy that was put in place in Ontario and the impact it had on our revenues. We're also aware that depending on what happens with the current deficit reduction strategy by Mr. Bouchard in Quebec -- who has a $3 billion deficit -- if he does take the same dramatic steps that his counterpart in Ontario took, it could have and will have a serious impact on our revenue formula agreement. However, I have communicated with Mr. Martin, the Minister of Finance for the country, and it's one of the issues that I will be dealing with him on when I meet with him later this month. Thank you, Mr. Speaker.
John Todd on Question 125-13(3): Renegotiation Of Formula Financing Agreement
In the Legislative Assembly on May 2nd, 1996. See this statement in context.
Further Return To Question 125-13(3): Renegotiation Of Formula Financing Agreement
Question 125-13(3): Renegotiation Of Formula Financing Agreement
Item 7: Oral Questions
May 1st, 1996
Page 166
John Todd Keewatin Central
See context to find out what was said next.