When we started this pilgrimage of cutting and slashing as some would like to think it, I believe the accumulated deficit at the time was $86 million. As I said earlier today, Mr. O'Brien, barring any major physical catastrophe, a reasonable settlement in pay equity for example, is one issue, I am optimistic that we could probably have an accumulated deficit of somewhere around the $30 million range which would be depending on how we divide the assets and liabilities, would be an easily manageable deficit for the two new governments. The ultimate issue for me, I would like to be able to show that it was all cleared off the books, but I think that would be a pretty ambitious program right now. Probably around $30 million if everything goes reasonably well in the next 18, 20 months.
John Todd on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on October 23rd, 1997. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
October 23rd, 1997
Page 112
John Todd Keewatin Central
See context to find out what was said next.