Thank you. Total expenditures, $713,000.
Debates of Feb. 10th, 1997
Topics
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
Page 515
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
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Some Hon. Members
Agreed.
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
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The Chair Vince Steen
Thank you. Page 3-9, treasury, operations and maintenance. Total operations and maintenance, $7,381,000.
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
Page 515
Some Hon. Members
Agreed.
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
Page 515
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
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Floyd Roland Inuvik
Thank you, Mr. Chairman. Just a quick question here on the treasury. With all the reductions that this government has been making and employee numbers, has that been looked at when it comes to impacting on the amount of taxes we collect as a government? Thank you.
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
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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
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John Todd Keewatin Central
Yes, Mr. Chairman. When we are projecting revenues that are required for our overall budgetary
requirements, the reduction in staff, the reduced, if you want, reduction in taxes, is the same as we anticipate a growth in taxes, for example, in the mining industry. That is all taken into consideration when we look at our revenues.
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
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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
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Floyd Roland Inuvik
Thank you, Mr. Chairman. Would the Minister have available the number or the effect that we have a result of the second year of our budget reduction plan?
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
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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
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John Todd Keewatin Central
Would that be the overall tax impact? Is that what my colleague is saying? I do not have that detail in terms broken out. We look at a revenue package as the taxes collected rather than taxes not collected. I think it is an important question. If my colleague asks me in the House later on this week, I will only be too happy to try to find the ways and means to break that down if he so requires it.
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
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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
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John Todd Keewatin Central
It is not something we would normally do. What I am looking at is what are the total revenues we expect to get based upon the fact that there is activity going on, that there are reductions, et cetera, so if my honoured colleague would bear with me, if he asks me in the House, I will try to answer it that way. Thank you.
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
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The Chair Vince Steen
Thank you, Mr. Todd. Total operations and maintenance, $7,381,000. I have Mr. Erasmus.
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
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Roy Erasmus Yellowknife North
Thank you, Mr. Chairman. Under the total O and M there is only $1 million that is for salaries and the rest of the O and M is $6,000,334. I would think this is an area that would need a lot of manpower or person power, but yet only one seventh of the budget is for that. What is all this other $6 million go towards?
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
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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
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John Todd Keewatin Central
Yes, Miss Melhorn advised me that, that is primarily in the area of insurance costs, interest payment on our borrowing costs and there are some odds and ends of transfers. It is primarily in the field of insurance and borrowing costs.
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
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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
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Roy Erasmus Yellowknife North
Thank you, Mr. Chairman. Can we get an indication of how much is interest and how much is insurance?
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
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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
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John Todd Keewatin Central
If the borrowing costs this year will be somewhere around the range of $2 million, I can probably get the exact number, if I may just for a moment. But I think it is somewhere in the $2 million range. Hang on a second. Yes, about a $2,500,000 in borrowing costs I think we had originally projected when I went to the committee earlier in the year, $4 million. It would be about $2,700,000 and then the rest would be in natural, the other costs would be.....(background talking)...Yes, $2,700,000 About $700,000 for the Power Corporation and the balance would be, what did we call it? Insurance costs.
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
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The Chair Vince Steen
Thank you, Mr. Todd. Total operations and maintenance, $7,381,000. Mr. Picco. Mr. Ootes.
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
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Jake Ootes Yellowknife Centre
Thank you, Mr. Chairman. I understand that the Government of the NWT made arrangements with one bank and I am wondering if that is correct? Then the question I would have is the borrowing interest rate fixed or does it float according to the Bank of Canada rate?
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
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