Bill Braden
Statements in Debates
So then, if I could offer a bit of advice, it’s that you shouldn’t do as I do in the stock market. You should not buy…How does it work now? I can’t even figure that one out. You don’t want to buy high and sell low, for what it’s worth. Mr. Chairman, finally, will the department be able to sort of track its performance once we start using this methodology here so that we can get some sense of have we actually achieved some savings, or potentially have we cost ourselves some money? Would that be able to be measured and reported, Mr. Chairman?
Mr. Chairman, has the vision run any scenarios? Again, I’d just like to get a sense of if we had this instrument and we had this practice in place, say, over the past fiscal year, given the volatility and the conditions of the market, do you have a scenario…Does the division have a scenario or even some good estimates of what we may have saved if we’d had this in place? Again, Mr. Chairman, just to give me an idea of the scale and the scope of the kind of money we’re talking about here. Thank you.
Thank you, Mr. Speaker. Briefly, this is a motion that, of course, I moved it, I'm speaking very much in favour of it. It is consistent with initiatives and efforts that all Members agree would be desirable for the efficiency and the improvement of our business. But I think, Mr. Speaker, the biggest advantage that I see in giving these new rules a try is that it will make us more accessible to the general public through the media, through the provision of doing our business more during hours that are more accessible to the public.
I remember very much the hours spent in this Assembly, Mr...
Mr. Speaker, I thank the Minister for that context, but we’re looking to a situation where we may be handing off to the 16th Assembly, after the election in the fall of 2007, a situation where there will be no credit line, a big debt or cost of servicing that debt, and in fact the fiscal situation they inherit for the coming year will be that they’re over $460 million in debt. Way over the line. So I guess let’s ask this another way. Is there a plan B? How can we avoid passing on this kind of a gloomy situation? Thank you.
Along with my other colleagues, Mr. Speaker, a welcome to the full executive of the Union of Northern Workers and to my constituent, Todd Parsons, the president of the UNW. Thank you, Mr. Speaker.
---Applause
Thank you, Mr. Speaker. My questions are for the Minister of Finance and they relate to the introduction of the budget, the 2006-2007 budget. I’m trying to focus on one area, Mr. Speaker, and that’s the area of long-term debt. As the Minister described, one of our priority initiatives with Ottawa is to get a new fiscal financing deal, and part of that is a modernized way of handling our debt. But we need to work with what we know right now, which is that $300 million limit, Mr. Speaker. With the forecast that is provided in the budget document, we see that we are going to be pushing our debt...
Mahsi, Mr. Speaker. The budget address has given us a new platform and starting point. Just a couple of the highlights that I pick off the address that Mr. Roland has given us; we’re going to start the year with a forecast surplus of $18 million. I’m pleased to see this and that we’re going to be doing this within the terms of the fiscal responsibility framework, the fiscal responsibility policy that I’m a big supporter of, and I want the government to know that I’m happy to see that we’re staying within those terms and hope that we can continue to do so.
Mr. Speaker, we also note that we’re...
Thank you, Mr. Speaker. I’d like to address my questions to Premier Handley. This is in respect of communication with proponents of the Mackenzie Valley gas pipeline. Mr. Speaker, we have been seeking a fair share of our resource royalties for years in the NWT. There was a golden opportunity to really get somewhere; that is to bargain with the gas producers’ need for certainty on tax and royalty regimes, to translate that into certainty for our own need here in the NWT for fiscal fairness from Ottawa. Mr. Speaker, why didn’t the Premier and the Finance Minister stand up and fight for the...
Mahsi, Mr. Speaker. Achieving devolution and a fair share of resources revenue sharing must continue to be the top priorities of this government, but in last November, Mr. Speaker, that priority, in my opinion, took a major setback when Premier Handley and Finance Minister Roland delivered a letter -- no ordinary letter, Mr. Speaker -- to the four major producer groups in the Mackenzie Valley pipeline and TransCanada Pipelines. It was a so-called letter of comfort demanded by these stakeholders before they would proceed with the regulatory hearings now underway. The letter offered strong...
Thank you, Mr. Speaker. Mr. Speaker, I give notice that on Friday, February 3, 2006, I will move the following motion: Now therefore I move, seconded by the honourable Member for Frame Lake, that "designated budget days" be implemented on a provisional basis; and further that Monday, Tuesday and Wednesday of each week be "designated budget days;" and further that the House shall commence sitting at 11:00 a.m. on "designated budget days;" and further that the time of adjournment on "designated budget days" shall be 6:00 p.m.; and further that notwithstanding Rule 34(6), the time allotted for...