Thank you, Madam Chair. Briefly, yes. The committee met with the Finance Minister on February 18, 2004, to review the draft 2004-05 main estimates for the Department of Finance.
The department is proposing a $3.167 million decrease in operations expenses from the 2003-04 main estimates. This is primarily due to savings realized from its new self-insurance program and an anticipated reduction in interest expenses for short-term borrowing.
4. Regulating the insurance industry and liquor sales, distribution and consumption to contribute to the well-being of communities and residents. Members believe the reference to the distribution and consumption of liquor and the wellbeing of communities and residents in the same sentence is highly inappropriate. The committee recommends this statement be reworded in the 2005-2008 business plans. Madam Chair, this concludes the review of the Department of Finance. Thank you.