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Nunavut Edition Headline News
December 21, 1998
Nunavut's first budget: by the
numbers
Where the money comes from, where
the money's going
Anawak
unveils plan for Nunavut government's first budget
Nunatsiaq News
IQALUIT Nunavut's deputy minister of finance, Bob Vardy, based
the budget projections released Dec. 18 on
the amount of money Nunavut is expected to receive from the federal government
through Nunavut's formula financing agreement with Ottawa.
Nunavut will receive smaller amounts of money through other agreements,
and will raise some small amounts on its own.
Most of Nunavut's money will go towards the big people-oriented departments:
Education, Health and Social Services, and the CGHT department, which will
administer social housing.
This chart shows that 81 per cent of Nunavut's revenue
$503 million comes from the formula financing agreement recently
signed between Interim Commissioner Jack Anawak and federal Finance Minister
Paul Martin.
A smaller amount of money, about $54 million, or 9 per cent of the total,
comes from other federal departments, mostly through separate cost-sharing
agreements between Nunavut and Ottawa.
As the third bar shows, Nunavut will raise some money on its own, about
$63 million from taxes and other sources. That's only 10 per cent of the
total.
In contrast, Canada's poorest province, Newfoundland, is able to raise more
than 60 per cent of its own provincial government revenues.
| Where the money comes from |
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This chart shows that Nunavut's Department of Education
will spend a whopping $142 million in 1999-2000. The second biggest spending
department, Community Government, Housing and Transportation, will eat up
$127 million, while the department of Health and Social Services will spend
$112 million.
In contrast, the tiny Department of Culture, Language, Elders and Youth
will spend about $6 million. That's less than the $10.2 million that the
Nunavut government will pay the Nunavut Construction Corporation in 1999-2000
for leases on new offices, staff housing units, and the legislative assembly
building in Iqaluit.
| Where the money's going |
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