Thank you, Mr. Chairman. I will ask the deputy minister to answer that detail. Thank you.
Debates of July 6th, 2000
This is page numbers 533 - 596 of the Hansard for the 14th Assembly, 3rd Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was chairman.
Topics
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Melhorn
Thank you, Mr. Chairman. The forecast of interest cost is based on a current rate of six percent and the forecasts that are being put out by the Conference Board of Canada, and other forecasting agencies including the chartered banks, were that the short term interest rates would go up to about 6.5 percent early in the new year. So their forecasts are based on those interest rates. Our total forecast of interest costs for this year are $3.8 million.
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Floyd Roland Inuvik Boot Lake
Thank you, Mr. Chairman. What kind of an increase is this compared to previous years? Thank you.
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Melhorn
The expenditure for the fiscal year just passed was based on the revised forecast $2.5 million and the year before $1.87 million, short-term interest costs.
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Floyd Roland Inuvik Boot Lake
Thank you, Mr. Chairman. So basically almost on a yearly basis we are seeing over a million dollar increase in the area of short-term borrowing. Is part of that not only due to interest rate, but because we are borrowing sooner in the fiscal year as well?
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Joe Handley Weledeh
Mr. Chairman, yes, the experience in the last few years has been that we are borrowing sooner. So that does have an impact on it. Thank you.
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Floyd Roland Inuvik Boot Lake
Thank you, Mr. Chairman. Again, that just raises, as I stated earlier in my opening comments, a concern with the borrowing we are going to have to do as a government to continue on with delivery of program services as we know them to date. We have raised concerns before of the growth, and I know with this department is mainly on the revenue side, so I will save my questions for the Financial Management Board Secretariat. Thank you.
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair David Krutko
Thank you. Treasury, operation expense, total operation expense, $7,431,000. Agreed?
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair David Krutko
Bureau of Statistics, operation expense, total operation expense, $519,000. Agreed?
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 584
Some Hon. Members
Agreed.
Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Human Resources
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.