Thank you, Mr. Speaker. As I started yesterday, I indicated that we were in an exciting time here, and the Minister of Finance’s presentation of the budget today is no exception to that excitement. We’re going to show a $200 million surplus. He’s indicated that there’s a bunch of indications for Hay River’s opportunity: midwifery, obviously the biomass industry is of great interest in the Hay River area and the South Slave, and also investment in the fishing industry.
Devolution brings a lot of excitement. We’re seeing $59 million for new employees, revenue of $27 million. Everything should be bright and shiny.
Over the next few weeks, we’ll be deliberating and discussing issues that we are having difficulties with. One of the biggest issues is the Heritage Fund. We’re getting resource revenue sharing, the budget indicates we’re putting 5 percent of that away, we’re saving for the future. But I and my colleagues believe that we should be investing more; 25 percent is kind of the indicator.
We need to be putting money away for the future generations. These resources are non-renewable. They are things that once they’re gone we won’t have in the future. I know there’s a lot of development potential, but we still need to be putting away money for the future, and 5 percent is just not enough.
What are we going to do? We’re down $30 million in revenue. How are we going to generate that revenue? How are we going to get people back in the Northwest Territories? How are we going to deal with the fly-in/fly-out situation and students that are being paid by our Education but yet decide to stay in the South?
People in the North are looking for our guidance in several different areas: education, early childhood development, health and wellness, legal aid, translations for legal, and the film industry. I support development and the growing of our economy. One billion dollars more debt, though, how are we going to carry that forward? How are we going to carry that debt?
We need to be careful of all the projects that we’re removing or all we’re doing with that $1 billion…
I seek unanimous consent to conclude my statement.
---Unanimous consent granted