Thank you, Madam Chair. And thank you, Premier and Cabinet, for the mandate, issuing the mandate, tabling the mandate. I appreciate the work that's been done on it. I concur with some of what's been said with my colleagues in that, you know, it's great to have the mandate, I support the mandate, it is a good document, it's a high-level document, but as we know where the rubber hits the road will be in the business plans. And that's where we -- as we said, we have things that are deliverable and measurable and things we can look to do to what we need to do to get our work done. And, you know, I get it, like everyone gets it. There's only so much budget to go around. There's only so many things we can do and, you know, we all -- there's many things in there that we know we need to get done, and I appreciate that we're looking at that over four years. I appreciate that the Premier has his 50-year plan as well which, you know, I know we want to look to where we have to get in the future.
You know, having said that, I mean, the government -- I mean, to set that path to prosperity, I guess, we need to continue to look outside the box. We need to continue to look at different solutions. I like that in there you see a lot of working with Indigenous governments, with NGOs, and municipal governments. I think it's so important, as I've said previously to, you know, to look at redundancies and where we're spending our money and where money can be spent otherwise. Look at, you know, opportunities to access funding that maybe we would not have been able to access, you know, without that. So I think that's also very important and that we continue that. We sat around as 19 of us before we sat in this House, and we talked about those things. We met for two days with the Indigenous governments, and we talked about those things, about how we can look at redundancies and how we can think outside the box. You know, so I think it's -- and I've stated that many times.
I've spoken many times about our whole-of-community approach. Well, I think that also, you know, translates in the whole-of-government approach, not only us working together as a consensus government and doing what we need to do and working with other governments as well within our territory. You know, and we'll touch on this in the business plans a little more tomorrow but looking at the economy, we need revenue, we need to grow. You know, we need to look, again, outside the box, ways we can grow. And, you know, one of my colleagues talked about people. It's very important, about recruitment, about getting people that -- getting people to work in the territory and getting people that are working outside the territory potentially back in the territory. And I think that's so very important for us. And not just for -- you know, people talk about the transfer payments but for the other things, the income tax, the work that -- you know, the work that people do, the rent they pay, the groceries they buy, the hockey coaches they provide, those things are all important to us as a territory as well.
As I said previously -- sorry, I just lost my thought. One second. Yes, that whole-of-community approach.
Anyway, Madam Chair, when we do get to the business plans tomorrow, we'll be able to discuss some more of that and we'll look at, again, talking about the economy. You know, we don't touch on things that are happening in the territory. We need to focus on, things that what's happening in my region where the Inuvialuit are leading the charge on developing natural gas up there. And as we know, you know, we have the third largest reserves of natural gas in the world and, you know, we rarely -- that's kind of something we hardly hear spoke about here. We talk about the mining industry, which is super important to us, but there's also other industries full of potential here. The world still needs natural gas, you know, we still need that product yet for a while so it's important, I think, that we look at that. We look at the Inuvik satellite station in Inuvik and the things that are going on there, things like that, outside the box, thinking that can provide some of that revenue for our government.
So, yeah, I think I will leave it at that. Again, thank you. As my colleague from Range Lake has said, I support this document. I appreciate the document, but much work to be done, and I look forward to going through the business plans. Thank you.