Aboriginal Co-operatives in Canada - Centre for the Study of Co ...

D. Finance and InvestmentThis section provides a financial perspective in the NWT/Nunavut since 1990 9 . It includes the federalrevenues and expenditures, and public and private capital investments. In a general view, over the past few years,compared to the 1993 level, the federal government expenditures have leveled off or even decreased as theresponsibilities for provincial-type programs have been transferred to the territorial governments.Public FinanceFederal expenditures on theNWT/Nunavut, as a percentage of therevenues, are substantially higher than inCanada as a whole. Since 1990, federalexpenditures in the NWT/Nunavut haveaccounted for more than three times theaverage revenues from the territories. Duringthe same period, federal expenditures inCanada averaged about 90% of the averagerevenues of the federal government (FigureA.14).Percentages400300200100Figure A.14 Federal Expenditures as a Percentage ofRevenues for NWT/Nunavut and Canada0308.2331.1350383.3330.1308 314.7328.191.1 91.6 91 94 90 84.7 77.3 69.31990 1991 1992 1993 1994 1995 1996 1997In 1991, federal expenditures in the% for NWT/Nunavut % for CanadaNWT/Nunavut were $1,490 million. The expenditures were still large in 1993 at 1,476 million, which may be aresult of higher expenditures from the government of the NWT as responsibilities for provincial-type programswere transferred to the territorial governments. In general, the federal expenditures in the NWT/Nunavutdecreased each year from 1991 to 1995 except for 1993. This downward trend from the peak in 1991 hascontinued as a result of reduction in some of transfer of provincial-type programs. The devolution of federaldepartmentalprograms, such as the construction of the airports from Transport Canada, may have had an impacton the federal expenditure reductions over the years (Table A.10).9 In this section, the data of the federal expenditures exclude interest on the public debt, but include transfers to the territories(Northern Indicators, winter 1997, p. 59). Public and private investments refer to public and private capital investments.135