Thank you, Mr. Speaker. The increase to our borrowing limit, the second one of this government, is part of the legacy that the 17th Legislative Assembly is going to
leave for the 18th Legislative Assembly, the ability to
have flexibility and choice. We went forward with the request and justification for the increase of the borrowing limit on the basis that we needed to be able to make critical investments in economic infrastructure that will help create the conditions for development that will help spur the economy and
increase our tax base and give us more money into our coffers in terms of revenue.
That has been the approach that we’ve used so far. We’ve used it consistently. We continue to use that fundamental approach that we cannot borrow money to invest in programs that are added to our base on a permanent basis, which would put us on a path that would be very quickly unsustainable, and we just have to look around at jurisdictions that have done that.
So, our focus is going to be on working, in the life of this government, with committee to have the initial discussions. There are budgeting and business plan processes already underway for the next budget, and all those discussions will take place within that process. Thank you.