Thank you, Mr. Speaker. My questions today will be for the Minister of Finance. Our fiscal relationship between Ottawa and the NWT will reach an imminent crossroad in less than one year when our current Territorial Formula Financing, or I’ll refer to it later today as TFF, comes up for renewal.

I cannot stress enough, the very fabric of our territory’s survival depends clearly on this funding. Yet, with less than one year from now we have not discussed the austerity effects should a major shift occur.

Could the Minister of Finance clearly indicate to this House what is the current landscape and ongoing discussion with the upcoming renewal date of the Territorial Formula Financing arrangement? Thank you.