Thank you, Mr. Chairman. Very brief. The proposed expenditure budget for the Department of Finance for '97/98 is $9,351,000, which is 9.5 percent less than the revised budget in '96/97. The revenue budget is $1,011,639,000. The Department of Finance has four principal roles. First, the department is responsible for the management of over 85 percent of the government's revenues including negotiating and administering the formula financing agreement with Canada. The department develops and analyses tax policies, administers tax legislation, regulations and agreements and collects property, payroll and tobacco and fuel taxes for the GNWT. A second departmental responsibility is the management and preservation of the government's financial assets. The department carries out the activities of comprehensive cash management borrowing, banking and insurance. Third, the department develops, interprets and distributes statistical data about the Northwest Territories. Comprehensive statistics are critical to establishing and evaluting the program of the government to meet the needs of the people of the Territories. Fourth, the department represents the govenment in federal and interprovincial discussions and negotiations relating to fiscal tax and the statistical mattrers. Te 1997/98 main estimates of the Department of Finance included two responsibilities which were transferred from the Department of Safety and Public Services during the year. First there is the responsibility for insurance registries and the collection of insurance premium taxes and insurance license fees and second, Mr. Chairman, is the responsibility for the Liquor Licensing Board and the Liquor Commission. Thank you.
John Todd 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 514
John Todd Keewatin Central
See context to find out what was said next.