Stagnant economy, uncertain times, call for public investment in infrastructure
'We want residents to know that we're going to keep things stable,' says Finance Minister Caroline Wawzonek, delivering her second budget
The territorial government plans to spend roughly $2.5 billion in the coming year, but is watching a shrinking GDP as private business activity slows, mostly due to the large diamond mines beginning their multi-year shutdowns. So, the GNWT is moving towards public investment in capital projects, to bolster employment and…