Thank you, Mr. Chairman. Mr. Chairman, just after doing the response we did, the department, the Infrastructure Committee, I just have a quick question or comment basically, on the federal cutbacks. For 1995/96 the formula financing grant was frozen at its 1994/95 level. For 1996/97, the formula's gross expenditure base was reduced by a further 5 percent. I guess these unilateral federal decisions are expected to cost the Government of the Northwest Territories about $170 million over the four year term of the agreement. In addition, the cost of the provincial government spending will also have a negative effect on the grant through formula financing and the escalator. The federal fiscal situation will require close monitoring of the Formula Financing Agreement to maximize the GNWT's entitlements. I would like to know after Mr. Todd's recent meeting with Mr. Martin, can he update the House and the people of the Northwest Territories on any further meetings he is going to have and basically where we are now with the gross expenditure base for this Territory as we head into division and for the two Territories and beyond? Thank you. Just a general comment on the formula financing gross expenditure base. Thank you, Mr. Chairman.
Edward Picco on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 10th, 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
February 9th, 1997
Page 515
Edward Picco Iqaluit
See context to find out what was said next.