Aboriginal First Nation Funding Program Changes

The federal government of Canada announced, July 25th 2017 that the Aboriginal First Nations will now be able to carry over the funding received from year to year in order to be able to complete projects (instead of having to return the money).

The First nations leaders say that they will be able to do a lot more with more control over the financial resources.

Assembly of First Nations Chief Perry Bellegarde said the problem was that projects often didn’t get approved until late in a fiscal year.

“There used to always be the requirement, but you know the monies never got out fast enough and everybody would panic that you have resources that have to be expended by the end of March or you lose them or you have to send them back,” Bellegarde said after making the announcement at the AFN’s annual meeting.

This federal funding could lead to further funding ahead for the aboriginal people in terms of business support as well.