The information I have is that it is an accumulated deficit over three years. That would take into consideration all the receivables and payroll, but it’s an accumulated deficit over three years since ’05–06, ’06–07 and ’07–08.
Sandy Lee on Bill 9 Supplementary Appropriation Act, No. 4, 2007–2008
In the Legislative Assembly on June 16th, 2008. See this statement in context.
Bill 9 Supplementary Appropriation Act, No. 4, 2007–2008
Consideration in Committee of the Whole of Bills and Other Matters
June 15th, 2008
See context to find out what was said next.