Thank you, Mr. Speaker. As Members will remember, in the budget this year, we had presented a $34 million deficit. Our expenditures this year are $34 million more than what we are bringing in. I have made no secret of this fact and mentioned it in the budget speech in April. We project that deficit amount and if we are not vigilant, it will grow if we try to maintain the same level of services in future years, given what we see coming in for revenue. In presentations to the Chambers of Commerce, to the Dene chiefs and various organizations and groups across the Territories, this government has been quite open about the fact that we face a significant problem in terms of having adequate revenues to cover our expenditures. As part of the normal good business practice, all departments have been asked to look for areas where they might economize in order to reduce the need for future cuts when we may face an even more difficult challenge. Thank you, Mr. Speaker.
Charles Dent on Question 17-13(8): Projected Budget Shortfall Update
In the Legislative Assembly on September 8th, 1999. See this statement in context.
Return To Question 17-13(8): Projected Budget Shortfall Update
Question 17-13(8): Projected Budget Shortfall Update
Item 6: Oral Questions
September 7th, 1999
Page 30
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