So, although the GNWT basks in the glory of a defined measure such as an Aa1 Moody credit rating for its debt management and current debt load, the real landscape paints a much bleaker forecast than Moody’s can safely measure.

Therefore, Mr. Speaker, we must be cautious moving forward. This was invariably echoed yesterday by the Finance Minister in his fiscal update. It is for these reasons of ignoring the warning bells that my assessment of the McLeod government

in dealing with debt and borrowing management will only muster a C grade. Mahsi cho, Mr. Speaker.