Finance

Tentative Collective Agreement reached between the NWT Teachers’ Association and the Government of the Northwest Territories

YELLOWKNIFE (June 28, 2016) – The NWT Teachers’ Association and the Government of the Northwest Territories have reached a tentative agreement.  Both parties are pleased with the progress made in negotiations and are recommending ratification of the agreement to their principals. 

Details of the tentative agreement will not be publicly released until the ratification process is completed.

For further information, please contact:

Finance Minister Robert C. McLeod releases 2016-2017 territorial budget

YELLOWKNIFE (June 1, 2016) – Finance Minister Robert C. McLeod released the Government of the Northwest Territories’ (GNWT) 2016-2017 Budget today, highlighting $35 million in new spending on initiatives related to the priorities of the 18th Legislative Assembly.

The $1.6 billion budget reflects the GNWT’s commitment to protecting spending on core social programs, with $1 billion of the overall budget allocated to the programs and services NWT residents rely on each day.

Robert C. McLeod: 2016-2017 Budget Address

Introduction

Mr. Speaker, this first budget of the 18th Legislative Assembly is about putting our fiscal house in order so that we can continue to provide quality programs and services and over the life of this Assembly, focus on what matters to the people of the NWT. We have worked with Members of this Assembly through the various Standing Committees to make the choices to guarantee that we can continue to provide the core programs and services that NWT residents need, and start to deliver on priorities identified in this Assembly’s mandate.

Robert C. McLeod: The Canadian Council for Public-Private Partnerships P3 Hub Canada Conference

Check against delivery

Good morning.  Thank you for the opportunity to speak today about the importance of infrastructure investment to the growth of the Northwest Territories.

The Government of the Northwest Territories has recognized the opportunities public-private partnerships (P3s) can bring to help the government address its current infrastructure deficit, which is currently around $3 billion, and other key strategic infrastructure projects that would help stimulate our economy and improve services to our residents.

GNWT Pleased with increase to the Northern Residents' Deduction

Yellowknife (March 24, 2016) – Minister of Finance Robert C. McLeod announced today that the Government of the Northwest Territories (GNWT) is pleased with the Government of Canada’s decision, announced in yesterday’s federal budget, to increase the Northern Residents’ Deduction by 33%.

Quotes

This increase will put money in the pockets of NWT residents come next tax season. It is welcome news that will assist the GNWT in addressing our goal of lowering the cost of living for northerners.

GNWT releases review of revenue options

YELLOWKNIFE (March 1, 2016) – Minister of Finance Robert C. McLeod tabled a review of revenue options for the Government of the Northwest Territories (GNWT) in the Legislative Assembly today.

The review considers the feasibility of raising additional revenues to help fund rising government expenditures. Revenue sources considered include: taxes on individuals and businesses; other taxes like fuel, tobacco and property taxes, school levies and liquor markups; fees and charges; and resource revenues.

Finance Minister says GNWT needs to find $150 million

YELLOWKNIFE (February 19, 2016) – The Government of the Northwest Territories (GNWT) will begin posting deficit budgets by the 2019-20 fiscal year unless it finds approximately $150 million through a combination of expenditure reductions and revenue measures over the next five years Minister of Finance Robert C. McLeod revealed in his fiscal update to the Legislative Assembly today.

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