Madam Speaker, we are a little short of money right now. We have been borrowing money for the last three or four weeks. We are at $57 million borrowed as of late yesterday afternoon. Our authority from this House is for $65 million. Last week, I instructed the departments to only pay those bills that we have to pay. We're abiding by all our rules and regulations, it's just that we're not paying in advance of the time that we have to pay those bills. So we're not doing anything intentionally to people, but we are watching our pennies right now because I cannot overspend simply because I cannot over-borrow. Today, Madam Speaker, I will introduce legislation to raise that borrowing limit if the House will give me permission. Thank you, Madam Speaker.
John Pollard on Question 285-12(5): Reason For Freezing Contractors' Payments
In the Legislative Assembly on March 15th, 1994. See this statement in context.
Return To Question 285-12(5): Reason For Freezing Contractors' Payments
Question 285-12(5): Reason For Freezing Contractors' Payments
Item 5: Oral Questions
March 14th, 1994
Page 591
John Pollard Hay River
See context to find out what was said next.