The Fiscal Responsibility Policy says that we must have no more than 50 percent debt to finance any given year’s operations, so the debt that’s accumulated in short-term debt is infrastructure, some of it. A lot of it is based around, most of it is related to O and M expenditures of government, so from a fiscal responsibility standpoint, as long as we don’t exceed that 50 percent threshold for any capital expenditures in the given year, we’re okay, and we’ve been able to keep to that in any given 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.