Budget Dialogues

The Minister of Finance announced today that as a part of the Government of the Northwest Territories’ (GNWT) commitment to developing a more inclusive approach to financial policy setting, she will be hosting several online engagement sessions about the development of Budget 2021 between July 20 and August 4^th, 2020.

As a result of the ongoing restrictions on indoor gatherings in the territory, there will be no in-person engagement sessions. There will, however, be many other ways for NWT residents to inform themselves and join the conversation including several opportunities to engage directly with the Minister online.

Interested residents can visit the Department of Finance’s website to find a variety of information related to the GNWT’s budget, economy and fiscal situation. Residents are also invited to provide feedback to the GNWT by responding to a survey that can be completed online OR printed and submitted by mail/email.

The schedule of participatory online events is available on the Department of Finance’s website.

Quote

“Better understanding the views and priorities of the people we serve is essential to developing a budget that reflects the needs of the people the Government of the Northwest Territories serves. It is my intention to continue to provide opportunities for public engagement on the Budget to ensure that wherever possible our decisions are informed by the perspectives of those they will affect. Public and stakeholder engagement is paramount to finding ways to advance the priorities of the Government of the Northwest Territories (GNWT) recognizing that different regions, communities and people within those communities will have different needs.”

-Caroline Wawzonek, Minister of Finance

Quick Facts

· The Minister of Finance will host four online public engagement sessions, and two invitational sector based sessions.

· The GNWT’s annual budget consists of a capital plan and an operations budget, voted on separately by the Members of the Legislative Assembly.

· All departments participate in an establish business planning process that includes opportunities for Standing Committee input and review.

· Budget 2020 included total expenditures of $1.983 billion, and a total capital investment of $399 million. In total, the GNWT’s budget in 2020 was $2.38 billion.

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