Madam Chair, this is not an increase to the borrowing limit. I'm happy to clarify that. So the borrowing limit that's imposed by the federal government is separate and apart, and I certainly do not have the authority to increase that, which is imposed by the federal government. And within our fiscal responsibility policy, we created our own internal limit to give ourselves room that if we come up upon our own internally imposed limit, which is the cushion below the federal limit, that would then trigger within our own processes a requirement to consider what we would then do lest we in fact get to that federal limit. And I can say that, quite intentionally, while we wanted to give enough of a cushion so that given the election period and given the blackout period that is associated with it, that the Department of Finance could go about their business paying all of our contractors and invoices. So we've sought a limit that is under our own imposed limit and does not approach the federal borrowing limit. Thank you.
Caroline Wawzonek on Committee Motion 513-19(2): Tabled Document 973-19(2), Capital Estimates 2024-2025, Carried
In the Legislative Assembly on October 5th, 2023. See this statement in context.
Committee Motion 513-19(2): Tabled Document 973-19(2), Capital Estimates 2024-2025, Carried
Consideration In Committee Of The Whole Of Bills And Other Matters
October 5th, 2023
Page 6819
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