Thank you, Mr. Speaker. Mr. Speaker, about two years ago we began a very extensive process of having the fiscal responsibility policy reviewed. That process was undertaken with the Members of the House during the 19th Assembly, and part of what we did at that time was to review and to include an expressed threshold in our own policy after which point we would then be obligated to go to Ottawa. By doing that, it put an obligation on us. It was an obligation that all parties in this House, and anyone really within government would know, that once we hit the threshold of being within $120 million of the borrowing limit, the Minister of Finance would then be obligated to write to Ottawa to seek a borrowing limit increase. We do keep this House informed through various presentations, both to Members confidentially, to caucus, so that when we are approaching that threshold, we are now triggered to go to Ottawa to write. Thank you, Mr. Speaker.
Caroline Wawzonek on Question 324-20(1): Fiscal Policy
In the Legislative Assembly on October 21st, 2024. See this statement in context.
Question 324-20(1): Fiscal Policy
Oral Questions
October 21st, 2024
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