YELLOWKNIFE (December 5, 2012) – Minister of Finance J. Michael Miltenberger released the final report on Budget Dialogue 2012 today. The report details NWT residents’ priorities for Government of the Northwest Territories (GNWT) program spending and ideas for ways the GNWT can spend more efficiently and effectively.
YELLOWKNIFE (October 23, 2012) – The Government of the Northwest Territories’ Aa1 credit rating has been confirmed by Moody’s Investors Service. A high investment grade credit rating provides assurance that the GNWT’s fiscal plans are sound.
Mr. Speaker, I want to take this opportunity to update the Members on our fiscal situation.
I tabled the first budget of the 17th Legislative Assembly in May, just five short months ago. Our commitment to protect programs and services has not changed. And our strategy of limiting new expenditure growth to ensure surpluses has become even more important as global economic instability persists.
YELLOWKNIFE (September 10, 2012) – Residents, businesses and governments across the NWT are invited to take part in a discussion about their priorities for territorial programs and services. These discussions will build on the budget consultations from the last Legislative Assembly and are part of the GNWT’s commitment to seek Northerners’ opinions about the work their government should be doing.
YELLOWKNIFE (May 24, 2012) – Today, Finance Minister J. Michael Miltenberger presented the first budget of the 17th Legislative Assembly.
The 2012-13 Budget projects an operating surplus of $74 million; returning the GNWT to its first surplus in five years. The Budget includes no new taxes. However, effective April 1, 2012, property tax mill rates, liquor mark-ups and a number of fees were adjusted for inflation.
May 24, 2012
YELLOWKNIFE (March 15, 2012) – The federally imposed borrowing limit has been raised to $800 million from $575 million.
The increase represents the successful discussions between the federal Minister of Finance, the Honourable James Flaherty, and the three territorial Ministers of Finance about the definition and adequacy of the territorial borrowing limits.
February 9, 2012 - Mr. Speaker, later this Session I will be presenting Bill 1, An Act to Amend the Borrowing Authorization Act. The purpose of this Act is to increase the short-term authority to borrow provided in section 1(2) of the Act from $175 million to $275 million.
YELLOWKNIFE (February 9, 2012) -- Minister of Finance J. Michael Miltenberger introduced An Act to Amend the Borrowing Authorization Act. When passed, the Act will increase the amount the Government of the Northwest Territories (GNWT) is allowed to borrow under the Borrowing Authorization Act from $175 million to $275 million.
