The territorial formula financing is different from what's used for equalization. It takes into account the high expenditure needs in the Northwest Territories and the other two territories. Equalization looks only at revenue-raising capacity. Formula financing is meant to fill the gap between fiscal need and fiscal capacity. All three premiers have called for adequate territorial formula financing. When we did the review prior to 2007, we stressed the need for adequate formula financing. There have been increases made to TFF in 2007 and prior to that as well, to augment the funding. We continue to review TFF. Right now it's in federal legislation until 2014, but we continue to monitor funding levels and the formula itself to ensure that it provides an adequate source of funding to the territories. It is our major source of funding and provides 70% to 75% of our revenues. It is a priority for our government.
On September 30th, 2009. See this statement in context.