Nunavut Proposes Capital Budget of Nearly $338 Million

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Nunavut proposes a capital budget of nearly $338 million

Nunavut MPs and Ministers returned to the House on Wednesday to begin the fall session.

Nunavut's Department of Finance tabled its 2023-24 capital budget in the Legislative Assembly on Wednesday, which totals $337.95 millions of dollars. This is the largest capital budget proposed by the territorial government since the creation of Nunavut.

Nunavut MLAs and Ministers were back in the House to the fall session which will last ten days.

Territorial Department of Finance Lorne Kusugak introduced Bill 10, which will release funds for infrastructure investments for each department. These projects range from building housing to improving roads or airports.

The budget covers a period from April 1, 2023 to March 31, 2024. The last capital budget proposed investments of approximately $204 million for fiscal year 2022-2023.

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By the end of the fall session on November 8, MLAs will review the bill's spending in detail and pose their questions to territorial ministers in Committee of the Whole.

The new sum is expected to finance the development of five water and wastewater management projects in Rankin Inlet ($27.2 million), the construction of a water treatment plant in Grise Fiord ($2.91 million) and the design of a wastewater treatment plant in Resolute Bay ($275,000).

“These improvements are necessary to mitigate community water safety risks and to ensure the critical infrastructure that serves homes, businesses and public assets in Nunavut communities.” said Community and Government Services Minister David Joanasie. He was the first to go to Committee of the Whole.

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“As communities grow, the needs arising from aging infrastructure increase. ”

— David Joanasie, Minister of Community and Government Services

Further funding is proposed for the construction of a new secondary school in Taloyoak, the expansion of the Three Suns School in Iqaluit, the development of the new Agguttinni Territorial Park, northwest of Clyde River, and the construction of a Trauma and Addictions Center in Iqaluit.

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