Thank you, Madam Chair. I realize this is frustrating, but I would like to suggest to the Member that this is an opportunity for us to get it right and that, by going through this process as an Assembly right now, this is an opportunity to look at the fiscal policy that we do develop going forward and ensure that we are not back in this situation. In some ways, I'd say, this can be an opportunity for all of us.

As far as the immediate situation as to what would happen should the short-term borrowing limit not be increased, it certainly does create a situation where we are not being fiscally responsible. At present, the GNWT does have a very good credit rating. We are seen, essentially, as somewhere that is good in terms of our relationships with the banks that provide us our short-term borrowing and long-term borrowing. We would rather it not be seen as an entity that is not being fiscally responsible and that we identify that short-term cash flow problem. We are taking steps to manage that in the most fiscally responsible way.

There is also the possibility, of course, that we could be putting ourselves in contravention of our own legislation, which restricts the ability for short-term borrowing. Alternatively, we are running an overdraft in our cash, and that comes with significantly higher costs on interest, which simply makes the problem even bigger, makes the problem grow. From the perspective of the individual departments, for example MACA, to the extent that they are not receiving the funding that they are needing at the present time to maintain their operations to the end of the fiscal year, that could put internal pressures on them. Those are a number of the issues. Thank you, Madam Chair.