Finance minister promises ‘no new cuts’ in this week’s NWT budget – Cabin Radio
The Northwest Territories won’t cut programs or services when this week’s budget is revealed, despite millions of dollars in unexpected losses.
The territory has decided it would rather borrow money to cover any shortfall than ask departments to find cost savings for a third consecutive year.
Finance minister Robert C McLeod outlined those plans to Cabin Radio in an interview leading up to the presentation of his budget on Thursday, without offering specific details.
McLeod said the territory’s stagnant financial climate had been further hit by a bleaker-than-expected update on forecast revenues, provided to him just before Christmas.
