Madam Speaker, I think that most of the territories believe the territory financing formula does not meet their needs presently to build the infrastructure necessary to develop not only the human capital but the fiscal capability to develop those natural resources.
Right now there is no resource revenue sharing agreement between the federal government and the territories, and 100% of that revenue goes straight to the federal government. This is something that will also be looked at under the panel of experts for the territory formula financing.
While we have seen the federal government work with the aboriginal peoples to advance the issue of political devolution, it is also very important that the federal government put in place immediately the fiscal framework as well to go along with the political devolution for the aboriginal peoples and the territories.