I guess for clarification, the federal government doesn’t take its money off the top. They deduct it off in subsequent year’s grant, after there’s a reconciliation process. But the money, when we collect it, sits in the Consolidated Revenue Fund of the GNWT. If we happen to be in a cash surplus, then we’ll earn some interest, but given where we are in any given year, we are in and out of surplus, as the Member knows. It sits in our Consolidated Revenue Fund until such time as it’s disbursed. Thank you.
Mr. Aumond on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on February 16th, 2015. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
February 15th, 2015
Aumond
See context to find out what was said next.