Thank you, Mr. Speaker. Mr. Speaker, the impact we feel the most would be on the surplus we had accounted for during the budget process. This budget year and the upcoming budget years, there is going to be a small impact. We will not be reducing the current expenditures that we have voted for and put in the budget, so there will not be a reduction scenario coming as a result of this information. Again, there are a number of other avenues that we are working on with the federal government which could impact us in a positive way that might offset this, but that's still up in the air as to what that might be. But for the immediate fiscal year we are in, there will be no negative impacts in the sense of reductions or curtailing our capital spending. We are going to continue with the plan we have put before us. We don't have right now a plan to change what would be in the upcoming process for next year. Again, there are a fair bit of avenues or issues that we are dealing with with the federal government that could impact the next year. As for this year, there will be no changes to our current fiscal strategy. Thank you.
Floyd Roland on Question 23-15(4): Reduction In Corporate Tax Revenues
In the Legislative Assembly on May 26th, 2005. See this statement in context.
Further Return To Question 23-15(4): Reduction In Corporate Tax Revenues
Question 23-15(4): Reduction In Corporate Tax Revenues
Revert To Item 7: Oral Questions
May 25th, 2005
Page 44
See context to find out what was said next.