Thank you, Mr. Speaker. As I indicated in my budget address, we anticipate there is going to be significant downward pressure on our revenues. We’ve all heard the news about the diamond mine layoffs, Laurelton Diamonds, the credit issues, the drying up of the exploration, the commodity market going down, the fact that we have sunsetted programs on health, that funding we have yet to negotiate an extension to, the CMHC funding is going to take another $3 million hit next year. We already have some diminished population statistics in the works that are going to affect our formula funding. So, yes, we do anticipate our revenues are going to be squeezed significantly.
Michael Miltenberger on Question 211-16(3): Impacts Of Global Recession On GNWT Revenues
In the Legislative Assembly on February 26th, 2009. See this statement in context.
Question 211-16(3): Impacts Of Global Recession On GNWT Revenues
Oral Questions
February 25th, 2009
Thebacha
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