Thank you, Mr. Speaker. First and foremost is the result of the exercise of not rebasing and that is $50 million. The biggest thing is keeping ourselves in a healthy state. So that's why we've identified this to go towards the deficit. We're not going to dig the hole that we're in any deeper.

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That will have positive spin-off effects going forward.

The other side of that is if we don't get the parties to the table to deal with royalty revenue sharing and get some real action happening around that table; as well, if the negotiations with federal Finance on the tax effort side do not work out as we're hoping we'll have them work out, as a government we're going to have to look at all options, all alternative revenue sources that are out there and look at how we, as residents of the Northwest Territories, can gain and benefit from the resources that are being extracted from the regions in the Northwest Territories. We're going to have to look at all options.

Right now, we're working with what we have and trying to come forward in small steps. This budget we're dealing with now is a stepping stone going forward. If we can do it right, come up with a balanced budget and have the federal government look at our arguments in a favourable way, we can definitely set up our future in a more positive way. Instead of having our children looking at debt, they can look at some sort of heritage going forward that would continue to be a positive benefit from the development in the Northwest Territories. Thank you.

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