That is quite an alarming number. Anybody who has a mortgage, who owes money, knows that $2.9 million being financed does have a cost to it. That cost is borne by you and I. It’s borne by the taxpayers. At the end of the day, it affects programs and dollars we don’t have. We don’t have the ability to finance large sums of money like that at any given time. More alarming than that number is the fact that there’s a substantial amount of money that is debt owed to us from a long period of time. Can the Minister indicate, out of that number, how much is owed to us that is over six months old?
Daryl Dolynny on Question 170-17(3): Finance Costs Related To Nunavut Debt
In the Legislative Assembly on October 17th, 2012. See this statement in context.
Question 170-17(3): Finance Costs Related To Nunavut Debt
Oral Questions
October 16th, 2012
See context to find out what was said next.