Thank you, Madam Chair. On April 1st when we get our first tranche of our grant from Canada, we will have cash in the bank. We will not be in a deficit position. As we go through the fiscal year, depending on the cash burden, because it’s not evenly spread out throughout the month, some months are more intense than others, we will find ourselves incurring short-term debt to do that. That’s laid out in the budget papers and we’ve explained that to standing committee. What we are trying to do is set ourselves on a path of expenditure growth which is more sustainable whereby we mitigate our exposure to that in the future, but by the time we get into the third quarter we usually find ourselves in a cash deficit position to finance the operations of the government over the short term.
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.