Thank you, Mr. Speaker. My questions today are addressed to the Minister of Finance. I spoke in my Member’s statement about the need for this government to look at an equity position in large infrastructure projects. Like my colleague, Mr. Ramsay, I feel that this is an area where the government has been missing the boat, so to speak. I would like to ask the Minister of Finance whether or not he or the Cabinet has had discussions regarding taking an investment or an equity position in large infrastructure projects in the NWT. If yes, what is the nature of those discussions please? If not, why not? Thank you.
Thank you, Ms. Bisaro. The honourable Minister of Finance, Mr. Miltenberger.
Thank you, Mr. Speaker. We haven’t had any discussions about taking an equity position in any major projects mainly because of fiscal constraints we experience as a government trying to look at the needs to run programs, looking at our revenues, looking at our expenditures and try to keep things affordable with our relatively modest borrowing limit that is already almost half subscribed to. Thank you.
I don’t know if the Minister intended to segue right into my next question, but he did. There may be financial constraints but we certainly make an awful lot of contributions to any number of groups in the NWT, one of which is the Aboriginal Pipeline Group. I would like to know from the Minister whether or not there is a policy that exists that guides the GNWT when they make contributions to organizations such as the APG, to organizations who are involved in a resource development. Thank you.
We have contribution agreements. We have the accounting criteria that are followed when we make contributions to other organizations that should be met. Accountability issues then are expected to be complied with so that we can account for the money that we do spend as a government. Thank you.
Thanks to the Minister for those comments. I think I have to take his answer as a no, that there is no policy. Agreements, yes, and the need for accountability and criteria that guides those agreements, absolutely I agree. But that doesn’t tell me that it guides the government when they make these kinds of contributions. In my Member’s statement, at the end of the statement, I requested that the Minister discuss the idea of an equity policy with Cabinet and/or his department and I would hope that he would bring a recommendation forward to Regular Members for debate. I would like to ask the Minister if he is willing to do that. Thank you.
Am I willing to do that and will I do it are two different questions.
---Laughter
I will say yes to both of them. Thank you.
Thank you, Mr. Miltenberger. Final supplementary, Ms. Bisaro.
Thank you to the Minister for both being willing and hopefully he is able. There are a lot of pros and cons to developing a policy of this sort. I fully acknowledge that up front, but I think that we should have that discussion. It should be an in-depth discussion. When does he think he might bring something back, a draft policy, even just a draft discussion document to Regular Members for consideration? Thank you.
Mr. Speaker, we should be able to put pen to paper on this within a month. Thank you.
Thank you, Mr. Miltenberger. The honourable Member for Great Slave, Mr. Abernethy.
