Debates of February 14, 2012 (day 6)
QUESTION 81-17(2): AMOUNT OF MONEY THE NWT LOSES EACH DAY
Thank you, Mr. Speaker. I have one question to the Premier. The Premier has indicated in the past week the amount of money that the Northwest Territories is losing each day. I want to ask the Premier if he could be a little more specific on the amount and where that amount is coming from. Is it coming from the royalties? Is it coming from the Norman Wells field? Where did he get this number from?
Thank you, Mr. Yakeleya. The honourable Premier, Mr. McLeod.
Thank you, Mr. Speaker. It’s actually quite a simplistic number. We expect that the revenues from devolution alone would be about $60 million a year. There’s 365 days in a year. If you do the math it works out to $165,000 a day. That’s not including all the money for the employees and the O and M and so on that would also be devolved.