Thanks. I've got other questions but I need to move on to my comments, thanks.
Madam Chair, I voted against the last capital budget and I intend to do so again on this one. I think we are spending too much money on capital. We're going into debt at a greater rate than any other -- any time that I've ever seen in my six years in past governments as well.
$150 million, this is what the Minister said yesterday, $150 million in this budget alone is for roads, and this budget shows us spending $10.6 million on housing, when housing is a priority for this Assembly, and certainly for myself, many of the Regular MLAs, this is completely out of balance.
You know, so we're spending 30 percent of our total capital budget on roads alone. That's what the Minister said yesterday. We're going into debt faster than ever. I listened carefully to the Minister's fiscal update an September 15th. We're not just on the precipice of a fiscal cliff, Madam Chair; we're going over the cliff right now.
You know, you look at the slides from the Minister's presentation on September 15th, capital expenses are outpacing total revenues. GNWT deficit is permanent when the federal capital is removed. Growth and debt is outpacing everything. 17.2 percent per annum over a period of years, no intent to actually raise any more revenues. We gave away $21 million in a significant discovery licence that could have been potential revenues. We've cut small business tax. We're going over the cliff. We're starting going over the cliff, and I don't sense that this government is doing anything to stop that. And the money that we do have, we're not even spending on the right priorities, Madam Chair.
I'm going to be voting against this, and I'm very frustrated that I don't have any time left on the clock. Thanks.