Government of the Northwest Territories Releases 2020-21 Budget
Finance Minister Caroline Wawzonek released the Government of the Northwest Territories’ 2020-21 Budget, the first budget of the 19th Legislative Assembly.
Total revenues of $2.19 billion are expected in 2020-21, along with total expenditures of $1.98 billion, which include departmental spending, infrastructure contributions, and other items. The 2020-21 surplus is forecast to be $203 million.
Revised estimates project a 2019‑20 deficit of $70 million. Projected surpluses in the medium-term outlook are anticipated to decline to $3 million in 2023‑24.