Caroline Wawzonek
Deputy Premier
Statements in Debates
There are, Mr. Chair. It's in the financial administration manual. I would suggest directing that to the deputy minister for some detail, please.
Yes.
Thank you, Mr. Chair. And, Mr. Chair, I'm happy to have the chance to say that we didn't necessarily, you know, lose money, but the budget was reduced in the hopes that they'd be able to move forward a little faster in terms of getting this -- getting a project off the ground that can reduce our lease space.
Currently, there are 72 percent of the total GNWT lease space is leased. There is 107 individual leases across all regions of the territory. Now, whether or -- the degree to which those are all individual, we have 82 with northern landlords, or 38 percent of our space; 25 of these leases...
Thank you, Mr. Chair. Mr. Chair, for this one, there certainly are some shortfalls being projected. Mr. Chair, let me direct that one over to the deputy minister and see if he can get that level of detail. Thank you.
Thank you, Mr. Chair. So the -- some of the things that contribute to the credit rating, and the credit rating is what then allows us to then borrow at a good rate, have been things that have been cited, when I review them every -- whenever they come up with their updates, is the existence of the territorial formula financing from which we receive 70 percent of our revenues, so the fact that that exists and is relatively stable. And, you know, add to that the fact that another 10 or so percent of our revenues continue to also come from federal pots. Obviously, a little more variability, for...
Thank you, Mr. Chair. Mr. Chair, typically if the vehicle comes in under $50,000, then we wouldn't necessarily have to see it coming in here. That's the threshold for having to come in on a capital -- as a capital project or a capital item. So with the cost of vehicles rising, and particularly if they're specialized vehicles like the ambulance in Behchoko that was in one of the earlier items here today, then that does need to come in through an infrastructure budget item. I hope that answers the question. Thank you.
Thank you, Mr. Chair. So, yes, it absolutely will be fully reflected in what goes to the PUB. Again, I just wasn't sure if it's been filed or on the public register or not. And, you know, yeah, I want to let folks know, because I do think it came out that everyone's power rates are going up 25 percent, and that's just not -- that's not going to be the case. That's not even the worst case scenario. That's just simply not how it's going to go down. But I don't know the final dollar value. This $12 million and the proposed $12 million over four that's being put forward by the government will have...
Thank you, Mr. Chair. Mr. Chair, on my left, deputy minister of finance Bill MacKay; and on my right, Mandi Bolstad, the deputy secretary to the financial management board.
Thank you, Mr. Chair. Yes, Mr. Chair, I mean, obviously I appreciate colleagues acknowledging that -- because the public doesn't realize that in this system we go through all of these materials with -- relevant Ministers will appear with colleagues at AOC confidentially to go through so that everyone's prepared, and questions -- I've had everything asked for -- sometimes people don't like to ask their questions because it's much more dramatic to ask them here. Sometimes they ask their questions and gives us the chance to bring materials. And, Mr. Chair, in this case, I did not have this...
Yes, Mr. Chair. And I say that only in that I haven't actually -- I don't know if it's been updated. I know the documents were all filed publicly but if it hasn't been, it will. Thank you.