Weledeh

Statements in Debates

Debates of , 16th Assembly, 5th Session (day 47)

Page 2-18, Department of Executive, activity summary, Ministers’ offices, grants and contributions, grants.

Debates of , 16th Assembly, 5th Session (day 47)

Thank you, Ms. Bisaro. Mr. Roland.

Debates of , 16th Assembly, 5th Session (day 47)

I’d like to call Committee of the Whole back to order. We will proceed, as agreed, with the Department of Executive. I’ll start by asking the Minister if he’d like to bring in any witnesses.

Debates of , 16th Assembly, 5th Session (day 47)

Thank you, Minister. Committee, we’re on page 2-21, Department of Executive, activity summary, executive operations, operations expenditure summary, $7.010 million. Mr. Beaulieu.

Debates of , 16th Assembly, 5th Session (day 47)

I guess our high volatility is certainly consistent over the years. I recognize, though, that there is probably not much we can do about this unless we ever get serious about corporate financial regulations on Wall Street, so I won’t go any further on that one.

I do want to note, though, Mr. Chairman, that I recognize we have lost $3.5 million in revenue last year and this fiscal year as we give up the power subsidy dividend that we always collected to the Power Corporation. It is just a note. I will leave it at that. Thank you, Mr. Chairman.

Debates of , 16th Assembly, 5th Session (day 47)

Committee, page 2-15, Executive, information item, directorate, active positions.

Debates of , 16th Assembly, 5th Session (day 47)

Page 2-26, Executive, activity summary, information item, Public Utilities Board, active positions.

Debates of , 16th Assembly, 5th Session (day 47)

Thank you, Mrs. Groenewegen. Is committee agreed?

Debates of , 16th Assembly, 5th Session (day 47)

Thank you, Mr. Krutko. Mr. Roland.

Debates of , 16th Assembly, 5th Session (day 47)

Thank you, Mr. Chairman. I am mystified, probably not unexpectedly, with finances by the corporate income tax. It is projected to be extremely low, something like one-third or less of last year. Giving that our underground mining is in full swing in the diamond mine, diamond prices are at a record high, exploration has rebounded in something like 300 percent or more since the last fiscal years, compared to the previous one, I am sure there is an explanation for this. Why are we projecting such a low corporate income tax revenue for 2011-12? Once again, are they treated even better than people...