Thank you, Ms. Green. Minister.

Thank you, Mr. Chair. Mr. Chair, I have had an initial discussion with the Minister of Finance, saying that we need to get into a discussion to talk about an increase to our borrowing limit, so our challenge now is that we put the information together, we go down, we make a good argument as to why we need it, and then the decision is, hopefully, made from there. So the initial discussion I had with him was just to give him a heads-up that we are looking to come forward with a case as to why we think our borrowing limit needs to be increased. Thank you, Mr. Chair.

Thank you, Minister. Ms. Green.

Thank you, Mr. Chair. I appreciate the response from the Finance Minister. What does he anticipate the lead time is between fully making the case for an increase in the borrowing limit and getting approval for that? How much time does he anticipate that will take? Thank you.

Thank you, Ms. Green. Minister.

Thank you, Mr. Chair. Mr. Chair, as I have often, I will inform a meeting with the Minister of Finance again, I will make an argument. They take it back to their Cabinet, and they can do it through an order in council, is my understanding. So they can make it happen fairly quickly, depending on the time that we go down there and present our case. I do not have the exact timeline for that. We are just working on it now. As soon as I do, I will inform Members. Thank you, Mr. Chair.

Thank you. Ms. Green.

Thank you, Mr. Chair. Mr. Chair, my last question in this area is whether the Minister anticipates having approval to increase the borrowing limit within the life of this 18th Assembly? Thank you.

Thank you. Minister.

Yes. Thank you, Mr. Chair. Mr. Chair, I will make the case for an increase, and, as far as whether we will get it or not, that is not our decision to make. It is a federal decision, but we will make the best case possible. Thank you, Mr. Chair.

Thank you. Ms. Green.

Thank you very much for your responses. I have nothing further.

Thank you, Ms. Green. Mr. Testart.

Thank you, Mr. Chair. I am just looking for clarification on the borrowing plan. The first two columns here are the estimated balances of March 31, 2018, and then the estimated balance March 31, 2019. Could the Minister just explain the difference between the two? Is this the balance of the total debt, what it looks like currently, at the start of the fiscal year, and what it will look like at the end of the fiscal year? Is that correct?

Thank you, Mr. Testart. Mr. Stewart.

Thank you. Mr. Testart.

Thank you, Mr. Chair. I am on page Roman numeral XV. So the first item on this page is short-term debt less than 365 days, so the difference between the two columns is $2 million. So is it anticipated that we'll have cleared off $2 million from short-term, from our balance of short-term debt, by the end of the fiscal year? Am I reading that right? Thank you.

Thank you, Mr. Stewart.

Thank you. Mr. Testart.

Nothing further, thank you.

Thank you. Anything further from committee? Mr. O'Reilly.

Thanks, Mr. Chair. So the estimated balance of March 31, 2019, that does not include anything related to Mackenzie Valley Highway, Slave Geological Province Road, Taltson Hydroelectric Expansion, yet our government continues to make application to the federal government for these things. How could we possibly carry those out when we are so close to the debt limit already? Thanks, Mr. Chair.