Core federal funding for the Yukon will increase by 2.7 per cent for the 2017-2018 fiscal year, Ottawa announced this morning.
The territory will receive $919 or $24 million more than last year under the formula financing arrangement with the federal government.
The Canada Social Transfer will remain at $14 million, and $38 million will flow under the Canada Health Transfer, up $1 million from this fiscal year.
The total federal support under the three transfer agreements will be $972 million, up 2.7 per cent from the $946 million received for the current 2016-17 fiscal year.
It amounts to $25,884 for each resident of the Yukon, compared to the per capita funding of $28,867 for the Northwest Territories and $42,055 in Nunavut,
In comparison, per capita funding for B.C. in the 2017-18 budget is earmarked at $1,388.
Ottawa released the figures today to coincide with the annual meeting in the capital of Canada’s Finance ministers.
Also meeting today are the health ministers from across the country.
Premier Sandy Silver is also the minister responsible for Finance. Health Minister Pauline Frost is in Ottawa as well.
Federal Finance Minister Bill Morneau is under pressure to maintain a six per cent increase in the federal health transfer to the territories and provinces instead of the three per cent he has announced.
Cabinet spokeswoman Sunny Patch said this morning the figures are final with the exception of the health transfer dollars that may change depending on the outcome of the negotiations.
In addition to the three annual transfer payments, there are recoveries from Ottawa for a variety of programs, such as providing care and maintenance of the abandoned Faro mine and other type II mine sites.
For this fiscal year, additional recoveries from Ottawa were budgeted at $126 million.
The territorial budget delivered by former premier Darrell Pasloski last April was $1.39 billion, of which $156 million was raised by the Yukon government through territorial taxes and general revenues.
Patch said Silver is planning to convene the territorial legislature in January for a short session, but is not expected to roll out the 2017-18 territorial budget during the sitting.