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First Nations Gain Greater Flexibility and Self-Determination with Expanded Fiscal Relationship Grant – NNL

October 25, 2024

Ottawa, ON – First Nations across Canada now have greater access to stable, flexible funding that supports community-based planning and decision-making, thanks to recent enhancements to the New Fiscal Relationship Grant. This funding mechanism, co-developed by Indigenous Services Canada (ISC), the Assembly of First Nations (AFN), and the First Nations Financial Management Board (FMB), has now expanded to include eligibility for Tribal Councils and First Nations-led service providers like health authorities.

Building a Stronger Financial Future for First Nations

First introduced in 2019, the New Fiscal Relationship Grant was developed to provide First Nations with predictable and flexible funding options, breaking away from traditional short-term funding models. By securing long-term financial support, communities can pursue self-determined priorities, such as education, primary health care, governance, and economic development. In addition to stable, 10-year renewable terms, the Grant includes an annual funding increase tied to inflation and population growth, further aiding First Nations in adapting to changing needs.

Read More: https://www.netnewsledger.com/2024/10/25/first-nations-gain-greater-flexibility-and-self-determination-with-expanded-fiscal-relationship-grant/

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