Moody's: Growing Economy Supports Strong Surplus in Northwest Territories' 2017-18 Budget
Toronto, February 03, 2017-- Moody's notes that yesterday the government of the Northwest Territories released its 2017-18 budget and updated 2016-17 projections. The budget forecasts a sizeable operating surplus of CAD167 million for 2017-18 on the back of strong 2016-17 operating results. At the same time, the territory's total borrowing is projected to increase to CAD990 million in 2017-18 from a revised CAD961 million in 2016-17..
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