Thank you, Madam Chair. As with any debt, Madam Chair, it would increase the total interest payment because the principal is bigger, but there won't be any other increase or change in terms of the overall projections for 2019 and 2020. The total deficit we are projecting for the GNWT for 2019-2020 is $70 million, including these amounts and including the payments on those amounts for this last fiscal year. That doesn't alter that total number that was provided. As far as going forward, again, the amount that is being requested in the mains for the Department of Finance considers the amount of interest we are projecting to be required in light of the total debt that we are looking at now.
Caroline Wawzonek on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 26th, 2020. 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
February 26th, 2020
Page 240
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