Thank you, Mr. Chair. So, generally speaking, it’s a system that we use to forecast our cash requirements and short-term borrowing and the cost of borrowing, how we might mitigate that, but essentially we have a Treasury Management Information System now that’s on its second version. It’s based on technology that’s decades old and it’s failed twice in the last 24 months. With devolution, now we have increased amount of funds coming through our bank accounts, and now we’re trying to track resource revenues as well going through our bank account. We use this all to make sure that we’re trying to maintain a good management and monitoring of our fiscal strategy, to ensure we’re trying to meet our objectives. So, what we have now also is a system that although it is information that is really based on pushing paper and having manual inputs into the system, what we want to do is we want to automate that.

So, what we want to do is improve the functionality of our cash forecasting capabilities along with enhancing our GNWT’s investment and debt tracking capabilities between our trading partner, which is basically the bank and investment firms that we do our investing. It provides direct access to receipt and disbursement data, which will enhance

both monitoring actual data and forecasting, which will be improved by the accurate complete of data, and really it’s automated management of the investment pools as opposed to the management or the manual system that we’re doing now. So, really, more accurate tracking of our borrowing requirements, which is now outside of the current system we have, and we had hoped to put this in initially when we did SAM, but the budget we had wouldn’t allow for that.

Really what we’re trying to do is take a decades’ old system and bring it into the 21st Century and allow

us to provide better management and reporting not only for the system but for the Assembly itself. Thank you.