Yes, thank you, Mr. Chair. So this is an area that may well see a need to have a budget increase between now and 2025-2026, although that said, the last couple of years have had particularly high interest rates, and they only just came down not in time. If I recall correctly, we came down to our low -- it was only over the summer -- so if rates remain -- if interest rates remain low, we may well find that we can return back to a lower number, although we do now have an increased in short-term debt so there's a couple of things to be balancing in there. And if we can move -- you know, again, that's where a few years ago, you may -- well, folks may be aware that we moved some short-term debt to long-term debt because it secured it in at a lower rate. So a few different factors here. Again, I do anticipate this is a number that we need to look at because, yes, obviously in 2023-2024, extremely high rates, and even 2024-2025, although a little more manageable, still high. So I guess those are some of the factors, and I'll leave it there for the moment. Thank you.
Caroline Wawzonek on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 11th, 2025. 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
February 11th, 2025
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