Thank you, Mr. Chairman. Mr. Chairman, the Member asked earlier, as well, a question about is our economy real, do we have a real economy, and talked about the wages and benefits that are paid out to employees right off the top Approximately $500 million is the number he used, and it's probably pretty close to that. Is our economy real? Well, as real as we're sitting here today, and at the end of this process we'll be approving expenditures of over $1.2 billion. That's real. If you want to ask people in communities if that's real, is there job at the school or the health centre or the caretaker's job, is that real? I came from a community that rivalled, I guess, the second largest community in the Northwest Territories for population and when industry shut down, it was all about government and how the government spent that money. There were contractors lined up to bid on the $30,000, $50,000 contracts. Nowadays, because things are so heated in a number of places, we're lucky to get a bidder on a $200,000 contract in some cases. So is the economy real? Yes, it is real. When we talk to the people in our communities it's absolutely real because without that their economies would be absolutely tanked.
In the larger centres we have a different scenario. In our smaller communities they still heavily rely on how this government spends its money and operates in those communities. So I think we have to take that into the lens, the framework we would initiate; and if, in fact, we don't get any royalties or resource revenue sharing, the question becomes even more apparent, is what can we do in the GNWT, in the Government of the Northwest Territories here in this jurisdiction, to raise our own revenues and should we look at new taxes. That's when the macroeconomic policy unit and that lens created would play an even more important role as we make those decisions. Thank you.