I want to start by thanking you, Mr. McLeod, and the people of the Northwest Territories for the exceptional job you've been doing in fighting COVID. It has involved some significant sacrifices, but you have seen the real results of that.
We are very aware that the territories in particular face particular challenges, so let me outline a few measures in the budget to support the Northwest Territories.
The Northwest Territories will receive $1.4 billion this fiscal year through the territorial formula financing. That is an increase of $103 million from the previous year. We also announced last year an increase to the Northwest Territories' borrowing limit to $1.8 billion.
In addition, we have invested $25 million, as you well know because you've worked so hard on this issue, to address housing priorities in the Northwest Territories.
I could say more but I see our chair leaning towards his screen.