FSIN Whittling Down Debt

FSIN Whittling Down Debt

Friday, February 18, 2011 at 13:55

Delegates at this week’s Federation of Saskatchewan Indian Nations’ winter legislative assembly learned that the FSIN has significantly reduced its debt over the past three-and-a-half years.

It was revealed at the FSIN’s fall assembly in 2007 that the federation had a massive debt of more than $1 million.

The FSIN’s finances had been placed under Indian and Northern Affairs’ Remedial Management Plan, but it was announced this that it is now considered low-risk.

The federation is anticipated to have a deficit of just under $221,000 at the end of the current fiscal year.