Thank you, Mr. Chairman. I certainly hope Mr. Voytilla's forecasts are accurate in this case. Obviously, that could all change if Canada does slip into a recession. That I guess is the reason for my asking these questions. Do we have the capacity to continue on with the spending that we are doing and the revenues that we might expect conservatively and get through the life of this government and still leave the 15th Assembly a chance to get started?
As the Minister is probably aware, I was quite actively involved in bringing in the Deficit Elimination Act in the 12th Assembly because of fears of building up too much of a deficit. Given the level of own-sourced revenues that we have, any growth in our debt gets to be very problematic because we do not have a lot of different places we can get revenue from.
I was wondering, has the Minister considered whether or not it might be useful to take a look at some long-term planning in terms of heading towards a balanced budget in the Northwest Territories? Is he aware of, for instance, the Tax Payer Protection Act the Yukon has adopted?