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2013-2014 Northwest Territories budget highlights


Canadian tax alert, February 7, 2013

On February 7, 2013, Northwest Territories Finance Minister J. Michael Miltenberger tabled the territory’s 2013-2014 budget. Highlights of the budget are as follows:

  • Revised estimates project an operating surplus of $99 million for 2012-2013 and an operating surplus of $113 million for 2013-2014
  • The territory’s economy is forecast to grow by only 0.2% in 2013-2014
  • No new taxes or tax rate changes are introduced
  • Effective April 1, 2013, property tax mill rates and a number of fees were adjusted for inflation
  • The territory’s significant infrastructure needs continue to be a priority for the government and infrastructure and housing investments for 2013-2014 are budgeted to be $139 million
  • The government plans to invest $22 million in priority initiatives, including prevention and well-being, sustainable economic development and energy conservation and diversification



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