Financing And Resource Revenue Negotiations With Canada
The committee wishes to express its full support for the Premier and Minsiter of Finance in their endeavours to get a fair fiscal deal from Ottawa for the Northwest Territories.
Negotiations have been underway for some time on a new formula financing agreement. It is essential that Canada agree to amend the formula it uses for calculating its grant to the Government of the Northwest Territories. The current formula simply does not make sense for our Territory.
The future prosperity of the Northwest Territories also depends on the outcome of the negotiations for a fair share of resource development revenues.
The committee is aware that the government is working very hard to negotiate a fair deal for the Northwest Territories. Committee urges the government to enlist the support of our Member of Parliament and Senator to join these efforts.