Thank you, Mr. Speaker. Mr. Speaker, on June 21st, 2000, our Premier, the Honourable Stephen Kakfwi, addressed the House and the people of the Northwest Territories about the energetic and positive start we have made towards addressing the challenges before us.
He spoke of the new sense of enthusiasm within the Northwest Territories, about the prospects we have for a secure economic future. In February, he stated that within the Northwest Territories, he and his Cabinet colleagues recognized how the people of the Northwest Territories want to be governed and the types of institutions, partnerships, administrators and experienced workforce needed to advance the Northwest Territories' interest at the national and international level.
Mr. Speaker, it was acknowledged that considerable time was spent by all Members of this 14th Legislative Assembly in developing the vision, priorities and agenda contained in the document Towards a Better Tomorrow. He agreed that this was time well spent and in fact, this document would serve as the foundation upon which the government would build its action plan. He identified actions and specific strategies designed by Cabinet to help achieve the goals outlined in Towards a Better Tomorrow.
Mr. Speaker, on January 17th, 2001, our Premier addressed the people of the Northwest Territories and laid out a plan full of wonderful initiatives that painted, by anybody's standards, a very bright future for the people of the Northwest Territories. The only thing missing, Mr. Speaker, was the money to go with the plan. Needless to say, we were all very anxious to find out where the money would be coming from.
On February 15th, Mr. Handley brought down his bold, aggressive, ambitious, and very rich budget. As I followed along, page after page, it was hard not to be supportive and, indeed, Mr. Speaker, it is hard to be negative towards a budget that addresses all of our problems with a solution and the dollars to go with it.
The budget was full of catchy phrases such as: a bright future that lies before us; tremendous economic potential for ourselves, our children and our grandchildren; self-reliant, healthy, well-educated individuals; a vibrant northern economy; a prosperous future for the Northwest Territories; match every Northerner who wants to work with a job; start our children off in life on the right foot; residents leading fulfilling and productive lives; maximizing northern employment; job opportunities for all graduates; bring our post-secondary graduates back North and put them to work; support our public servants; the Northwest Territories Literacy Strategy; Early Childhood Development Action Plan; investments in health care; housing for seniors; full control over our future is only a matter of time; the time for action is now; reconstruct and pave Highway No. 3 in three to four years; pave highways to Fort Smith and Fort Resolution; and we are investing today for a better tomorrow.
Mr. Speaker, who could argue with initiatives such as these? Who would not want to be a part of such a plan, especially if we had input into it?
I am not a song composer, Mr. Speaker, but I have a good friend of mine in Hay River, Doug Henderson, who had a great plan with all these phrases and putting a song together. Maybe I will get him to put one together for Mr. Handley.
I suppose, Mr. Speaker, if we were in Alberta and Ralph Klein had been delivering that budget, we could have all formed a circle, joined hands and sang Auld Lang Syne and watch our problems go down memory lane. However, the reality is, Mr. Speaker, that we are not in Alberta and we do not have Alberta's money. The federal government is not going to pay, so somehow we are going to have to pay.
We know that to make this plan work, we must take control of and develop our resources. We need to transfer our federal resource revenues. We need devolution. We need to have all governments working together. We need to have all people, all parties understand what resource revenue sharing will look like. We need to streamline our regulatory process and our regulatory environment. We need more mines. We need a Mackenzie Delta pipeline and we need to generate and sell hydro-electricity. We need more money from Ottawa.
Mr. Speaker, we know that we need all these things, we just do not know how, if and when we are going to get them. I can remember, shortly after being elected as an MLA, Mr. Speaker, sitting in our beautiful Caucus room and having Lew Voytilla before us and painting us a picture of our fiscal situation.
I can remember thinking, "This is going to be a boring four years", because there is no money. The debt wall was not hovering above us, it was right smack in our face, Mr. Speaker. I remember wondering how we were going to accomplish anything in the next four years. Well, what a difference one year makes, Mr. Speaker. Lew Voytilla and Mr. Handley have done a wonderful job in changing the picture.
Mr. Speaker, although I support all the initiatives in this budget, I think there is room for concern. In the areas of devolution and resource revenue sharing progress is slow, at best. We say that it is a must and that it is going to happen. We also say that it is a must, but if that is the case, how long can we wait?
It sounds good when we say companies have spent $650 million for Crown exploration licences, $76 million in bid bonuses for Inuvialuit subsurface lines, $60 million for exploration licenses in the central Mackenzie Valley. The 1999 production at BHP reached almost $600 million; however, we have to look at how much money came directly back to this government.
Mr. Speaker, it sounds good when we say the Mackenzie Delta region could generate $400 million in revenues. In five years, diamond mines will produce $2.2 billion worth of diamonds annually. The potential for revenues in hydro-electricity is immense and promising, but what does this all mean in view of the unknown and how these figures will be affected when the federal transfer payments are taken into consideration?
How will they be affected in partnerships with industry and local governments by resource revenue sharing? When will the feds open up the purse strings and when they do, how wide are they going to open them? How will it all affect the transfer payments and when it is all said and done, will we be better off? Can we expect enough support from the House of Commons in view of the fact that we now receive approximately $15,000 for every man, woman and child in the Northwest Territories?
Fifteen years ago, Mr. Speaker, my kids and I had a favourite song we use to sing all the time. It was a song by Kenny Rogers called the Gambler. I think maybe our Finance Minister, Mr. Handley, has fit the role of the gambler quite well. I would suspect that he is in a very high stakes game with some very good gamblers. I hope, Mr. Speaker, that when the time comes, our Finance Minister can keep his game face on and play his hand out.
Being an ex-gambler myself, I can appreciate that the game can get very intense and I will borrow a line, and I will not say who it is from, but if we are going to go, we do not want to go silently; we may as well go out with a bang.
I have to support all the initiatives in the budget, Mr. Speaker, but I think it is incumbent upon us as government Members to remember that we are here to serve the people of the Northwest Territories and that whatever we do, we must do everything we can to try to keep the cost of living down to an acceptable level for all of our residents.
So I support the budget, but I will be watching that the cost of living does not keep creeping up on our residents. Thank you, Mr. Speaker.
-- Applause