Finance Minister Robert C. McLeod released the GNWT public accounts information for 2016-17 on Nov. 8.

There was an operating surplus of $175 million, $35 million more than what was originally budgeted.

Overall, $368 million was spent in 2016-17 to acquire capital assets.

There was an increase in net debt of $65 million in 2016-17. Short-term debt decreased by $43 million during the year.

Total expenses were $7 million less than budgeted for 2016-17 and total revenues were $28 million more than budgeted.

Paul Bickford

Paul Bickford is the reporter for Hay River Hub.

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