Thank you, Member. Minister of Finance.

Thank you, Madam Speaker. Madam Speaker, I conducted the budget dialogues this past spring and summer. When I did so, I presented to any member of the public who was interested the state of our funding, funds, the state of our fiscal situation, including operating surpluses, operating and capital expenses. I've put those informations before the public and received feedback on how people would like to see us moving forward in this government, whether it's through trying to increase revenues, whether it's through trying to decrease expenses or, frankly, a little bit of both. So I do want to quite sternly combat the notion that we are somehow not being honest with the public about the state of public finances. I take issue with that. I don't take the Member to be suggesting that is me or that is, you know, anything other than a desire to have more information. That's how I'm going to take this question. So, Madam Speaker, with that in mind, I am not suggesting that there's likely to be significant reductions to the public service or to programs or services at this point or in the near future. There certainly is a business planning process, and Members do have opportunity to go through the business plans with their Ministers, relevant Ministers late in the summer as part of our annual budgeting cycle. But, again, similarly, that is why we do budget dialogues in the summer so that people are aware of what the financial situation of the government is throughout the fiscal year. Similarly, during this particular session and as we go into the capital planning, this year I introduced the opportunity to have a bit of a media scrum in advance of tabling the capital budgets so that, again, I could speak openly to the media about the state of our fiscal situation and what we are doing to keep it on track. There are a number of things we're doing. This is not time for a Minister's statement but there's a number of things that are keeping us on track so that in the medium term we are not facing quite the dire straits that is being suggested here. Thank you, Madam Speaker.

Thank you, Madam Speaker. That works out quite well, because I get to now continue what I wasn't going to say earlier. But let me give a few of the comments that I have on that one.

Well, with respect to the notion that we are about to hit the fiscal or the debt ceiling, Madam Speaker, that has been a spectre over many a fine government. That is no longer the spectre because of the changes we've introduced to the capital planning process. By reducing the size of the capital plan to be more right sized, we are not running up against our debt ceiling. We've not had to take on as great a borrowing plan as we would have had to otherwise and as such, we will not be running up into that debt ceiling the way that we were forecast to prior to making these changes.

With respect more generally to our operations, Madam Speaker, we are, again, although this particular fiscal year we did lose some revenues because of the changes to fiscal, we didn't get capital transfers as those projects do move forward later in later years, particularly with the federal government, we still have obligations, those funds will come in. They're just coming in in later years. And similarly, territorial formula financing does catch up. We have had some revenue shocks, including the shocks of COVID, which were only last year, territorial formula financing will catch up, provincial spending went up over the last two years, territorial formula financing catches us up. So we actually are expecting our revenues to go up over the next couple of years. And that's in addition to the fact that there's a number of things, government renewal is underway, the procurement review is underway, you know, changes to the public service is underway, and the public sector, of course, remains a huge contributor to our economy. Thank you, Madam Speaker.

Thank you, Madam Speaker. Madam Speaker, there's no planned cuts. I have no announcement to make here. There's not a moment of, you know, I get to say here's what's coming next. The plans that are in front of the public, the plans that I put forward, whether it's in budget dialogues, whether it's with this capital plan, there's no cuts to announce. I can't predict the future. I couldn't predict a $100 million flood any more than I could predict COVID. But what I can say, again, is we are trying to do what we can from within to manage our fiscal situation, to try to maintain the strong public sector presence that we have in the economy. And then with that, Madam Speaker, I put my Minister of ITI hat on and say what are we doing to try to grow the economy because that then in turn will keep the fiscal situation more stable for the business sector, for the public, and of course, certainly impacting on the draws on our programs and also on the benefits that we do see from our limited own source revenues. So, Madam Speaker, that continues to be my focus, is what can we do to avoid the cuts by using all the other levers available to us. Thank you, Madam Speaker.

Thank you, Minister. Final supplementary. Member for Tu Nedhe-Wiilideh.

Thank you, Minister. Oral questions. Member for Thebacha.