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February 14, 2005

GNWT Budget Address & Risk Capital Investment Tax Credit

On February 10, 2005, Finance Minister Floyd Roland presented the new Fiscal Responsibility Policy along with the 2005-06 budget of the Government of the Northwest Territories (GNWT).

"The Fiscal Responsibility Policy was presented as a cornerstone of the Budget and the government’s fiscal strategy. The policy sets out the guidelines for how much the government may borrow, what it should borrow for, and how it will be held accountable for its borrowing decisions"

Included in the budget was the announcement that the Risk Capital Investment Tax Credit will be re-introduced in 2005. The program makes up to $2 million in annual tax credits available for the next three years.

For more information, see:

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