Thank you, Mr. Chair. There are two elements to that revenue stream. Number one is when the GNWT gets its first tranche of cash from the federal government in terms of its grant revenue. It is in a cash surplus position for a couple of months, so we are earning some interest off that cash. We start to advance through the year, we enter into a cash deficit position, so that is why you see a declining investment revenue amount. Another element of that is some of our public agencies also have surplus cash that we hold in a pool. We also earn interest off that cash as well. So that is what is driving that. The reason it is decreasing is we just have, obviously, less money in the bank for a shorter period of time, so we are earning less interest revenue off it. Thank you.
Mr. Kalgutkar on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on June 24th, 2016. 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
June 24th, 2016
Kalgutkar
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