Thank you, Madam Chair. The area of our borrowing limit is one of the areas that is critical to us. We have highlighted in correspondence with the new Finance Minister, although my discussions with him were brief, informed him that we were sending him a letter down to him. The areas in the letter cover our formula financing situation, royalty revenue sharing, resource revenue sharing, and the borrowing limit is another one of the critical areas. It is probably one of the more key ones if we look at a timeline of how events unfold, unless we get swift movement from the federal government to flow further funds north or come up with a revenue sharing agreement in the near future. One of the first pieces we need to get in place is a better formula financing piece and a borrowing limit attached to it. The Member is correct; if we can change that piece of it, it does give us more flexibility in how we look and deal with ourselves here in the Northwest Territories and to tie that to the fiscal responsibility policy that we've put in place. So the discussions we've had are very preliminary. I am hoping that we are going to have a Finance Minister's meeting here in the near future before the federal budget goes out. At that point, I will have a better idea of where we stand with the new federal government.

The Member is right about the expert panel report. Everything seems to have been put on hold. Things moved at a snail's pace from that point on. That report is supposed to be delivered to the federal government in the spring. We are hoping by May or June that we will start to see the results of that and begin in earnest discussions with the federal government about some of the recommendations that may flow out of that. Thank you, Madam Chair.