Thank you. What we have provided for is an allocation of $5 million for short-term interest costs, but as the Member has alluded to, our short-term interest costs have been lower than that. If Members recall, we increased them for the ‘12-13 budget because we were projecting some pretty significant short-term borrowing debt during that year and also if Members recall, we increased our authorized borrowing limit for short-term debt to $275 million. So the amount that we have provided for is just to have some kind of buffer there just in case we have increased borrowing needs during the course of the fiscal year. Thank you.
Mr. Kalgutkar on Consideration in Committee of the Whole on Bills and Other Matters
In the Legislative Assembly on March 7th, 2013. See this statement in context.
Consideration in Committee of the Whole on Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
March 6th, 2013
Kalgutkar
See context to find out what was said next.