I guess the rationale for my questioning is that sometimes in business the quickest fix to find money is to go lean on insurance and do a re-evaluation of your replacement costs and depreciate those costs to the tune where it makes it very difficult to make that investment. I’m just hoping that we as a government are maintaining the right level of insurance for the amount of assets we have coming on our books. That’s my rationale for the question, Mr. Chair.

We know that this area of the activity is involved with debt management. With that, we know that the Macroeconomic Policy, which is used as a guideline force for the department, is a very strong piece of policy and documentation. I have to clearly indicate that this is a very old and very outdated Macroeconomic Policy that we’re using. We’re using assumptions that were pre-recession in order to guide the debt management of our government and that, in turn, will also affect our Fiscal Responsibility Policy which again, if I go on the department`s website, there’s only a reference to a pamphlet. That pamphlet still has the picture of Mr. Floyd Roland on it, which tells me that this thing needs to be looked at. This is quite old and yet all these tools, very old Macroeconomic Policy and old Fiscal Responsibility Policy, provide the oversight for our fiscal strategy.

When can we start to see maybe a modernization of these tools and update of these tools so that we can have some degree of confidence that we’re not using outdated management tools to make the predictions that we’re needing to look at borrowing more money? Thank you.