Thank you, Madam Chair. We do have a cost or an interest on short-term borrowing and it’s based on what the prevailing Bank of Canada rate is at any particular given time as opposed to longer term borrowing debt, which for the GNWT for purposes now is ranging anywhere from, depending on what the type of the instrument being held, is in the neighbourhood of probably 3 or 4 percent. Short-term debt is a little bit lower than that. As the Minister said, it’s for those types of transactions, typically the debt is amortized a year or less than a year.
Mr. Aumond on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on February 25th, 2015. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
February 24th, 2015
Aumond
See context to find out what was said next.