Tom Beaulieu on Main Estimates 2008–2009 NWT Housing Corporation

In the Legislative Assembly on June 3rd, 2008. See this statement in context.

Main Estimates 2008–2009 NWT Housing Corporation
Consideration in Committee of the Whole of Bills and Other Matters

June 2nd, 2008

Sorry, Mr.

Chair. I wasn’t sure

where we were at. I did have a question on the debt repayment page.

During our meeting with the Auditor General on the NWT Housing Corporation audit, I asked them a question that I’ve asked this government, and I’ll ask you the question. It’s on the guaranteed debt that is appearing in our books as the GNWT this year for $12.053 million, which actually has an impact on our debt wall. Any of the correspondence we have, or the Budget Address, indicates this is a problem for the debt wall.

Considering there’s no possibility that this debt is ever going to be the sole responsibility of the NWT Housing Corporation — the debt is guaranteed by the Canada Mortgage and Housing Corporation — have you guys thought about different ways of reporting this or getting this out of the debt wall, so to speak?

See context to find out what was said next.

Tom Beaulieu on Main Estimates 2008–2009 NWT Housing Corporation

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