Thank you, Madam Chair. Madam Chair, the Fiscal Responsibility Policy isn't where the cap on the capital projects came in. That is an approach towards capital planning that we had imposed to put a cap on department spending of $260 million. That was introduced in 2023-2024, but it didn't exist in prior years, and it certainly didn't exist under the past Assembly, which is where a lot of projects wind up moving forward. So to the extent that if we hadn't put that cap in 2023-2024 and the 2023-2024 budget had started out much higher as it had been over the two, three, and many years before that, we'd be looking at a much higher total envelope. So, you know, to begin with, you know, that's still the good news of the cap that was put in. And it's going to be continuing going forward, and we'll start to see the fruits of those labours where there's less to be carried over because the capital plan from a starting point is not as big as it was. But -- I don't have a clock here in front of me so I'm trying to be conscious of the time but, you know, asking about where that's -- that cap is still there, and it's going to move forward. But there are some things that were carried forward because the cap wasn't imposed in the past, and the budget was very big in the past with a lot of projects sitting on the books. Thank you, Madam Chair.
Caroline Wawzonek on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on May 31st, 2023. 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
May 31st, 2023
Page 6269
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