Thank you, Mr. Chairman. We don't think that privatization is going to happen overnight, obviously. We are probably talking about 12 to 18 months before we have it finalized, if we are able to do it. The savings that we expect to achieve through these resupply contracts are savings that will apply either to the companies that take over the petroleum products operation or to the government, if they retain the responsibility. So we don't see the requirement to balance the budget as being an impediment to proceeding with privatization because the ability to balance the budget is there, whether it is handled by the private sector or by the government, just because of the new deals we have been able to negotiate. Thank you.
Mr. Lovely on Bill 11: Appropriation Act, 1996-97
In the Legislative Assembly on May 15th, 1996. See this statement in context.
Bill 11: Appropriation Act, 1996-97
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
May 14th, 1996
Page 378
Lovely
See context to find out what was said next.