Thank you, Minister of Finance. Any further questions? Member for Hay River South.

Thank you, Madam Chair. Just on other potential revenue, I guess what I would like to see the Minister do is to take a look at some of the loans that we have out there, and take a look at what they're for. If they are related to items that, the cost of living in the territories is high, and we've got hydro. We've got power. We've got fuel. We've got all that stuff that's fairly high. There are other costs, as well. What I'd like to see is the department take a look as to why we have loans, what are those loans for, and can we go to the federal government to try and get some dollars to reduce those loans on the basis that it's costly to live in the Northwest Territories; it's costly to operate in the Northwest Territories. I'm not sure if there's anything that can be done there, because that seems to be one of the areas that we could look at for additional revenue. Thank you, Madam Chair.

Thank you, Member for Hay River South. Minister of Finance.

Thank you, Madam Chair. As I had alluded to earlier, we've already had a Ministers' meeting for Ministers of all provinces, territories, and the federal government, and we've been following up, and we've continued to have dialogue and continue to have engagement with the federal government about the situation. I am alive to the degree of engagement necessary when you look at the source of the income that's on our page here, and where it comes from, and maintaining a positive relationship with the federal government is going to be important, and to have dialogue about our finances, and our Department of Finance's plan, and our fiscal plan going forward. I can certainly assure the Member that I will have fulsome conversations. As far as exactly what solutions might ultimately come from that, I'm going to need a bit of flexibility at this point to move those conversations forward. Thank you, Madam Chair.

Thank you, Minister. Seeing nothing further, I'm going to call the page and the department. Department of Finance, 2020-2021 Main Estimates, departmental total, $283,107. Does committee agree?

Thank you, committee. We'll now turn to the government borrowing plan, which is the second blue tab in the main estimates. Are there any questions on the government's borrowing plan? Member for Frame Lake.

Thanks, Madam Chair, and sorry for being out of step. The loan guarantees that are listed at the bottom there under other public agencies, can someone tell me what that is all about? Thanks Madam Chair?

Thank you, Member for Frame Lake. Minister of Finance.

Thank you, Madam Chair. I will ask the deputy minister to fill in those details, please. Thank you.

Thank you, Minister of Finance. Deputy Minister.

Thank you, Deputy Minister. Member for Frame Lake.

Thanks, Madam Chair. Do we normally provide loan guarantees for our education authorities? I'm just trying to figure out how this happens. Thanks, Madam Chair.

Thank you, Member for Frame Lake. Minister of Finance.

Again, I'll let the deputy minister continue, Madam Chair. Thank you.

Thank you, Minister. Deputy Minister.

Thank you, Deputy Minister. Member for Frame Lake.

Thanks, Madam Chair. I think the Finance Minister in her budget address, and I'm sorry, I don't have that in front of me, said that we would exceed our federally set borrowing limit, probably next year or this year. Is that what this amount is that's shown here, total government borrowing? Is that this line here that is going to exceed $1.3 billion? I guess it would be in the next year, that's what the projections are. Thanks, Madam Chair.

Thank you, Member for Frame Lake. Minister of Finance.

Thank you, Madam Chair. At the moment, projections are for the next two fiscal years; we would be within the borrowing limit, but it's the third year of this life of this government that the current projection is that we would be at risk of exceeding it. Thank you, Madam Chair.

Thank you, Minister. Member for Frame Lake.

Thanks, Madam Chair. What kind of contingency or sort of room is there for us, and what happens if we actually exceed the limit? Thanks, Madam Chair.