Follow Us! Like Our Page!

Nunavut tables budget with thin $36M surplus – CTV News

IQALUIT, Nunavut — Nunavut has tabled a largely stand-pat budget that forecasts a sliver-thin surplus and focuses on the territory’s continuing and interlocked issues of health and education.

“We will be well-educated and self-reliant within successful communities,” Finance Minister Keith Peterson said in his budget speech Monday. “We will live comfortably in the modern world, guided by Inuit values and traditional culture.”

There is, however, a long way to go before those goals are reached.

he anticipated $36-million cushion on revenues of about $1.6 billion will be the Arctic territory’s third surplus in a row.

But the 15-year-old territory is far from self-sustaining. About 90 per cent of Nunavut’s revenue still comes from Ottawa and 40 per cent of Inuit families depend on income assistance.

“It’s too soon to say we’ve turned a corner,” Peterson said in an interview with The Canadian Press.

There are small, positive signs.
Read more: http://www.ctvnews.ca/politics/nunavut-tables-budget-with-thin-36m-surplus-1.1838798#ixzz32tXDCTLW

Loading

NationTalk Partners & Sponsors Learn More