Thank you, Mr. Speaker. The fiscal responsibility policy puts up some guardrails around how we take on debt and for our debt management. But -- and while that's obviously something I'm happy to talk about that, and it's important to maintain those guardrails, we want to be in a situation where we're utilizing our debt ideally to invest in things that benefit future generations since those would be the generations that would be ultimately be paying off debts whereas operational expenditures, programs and services of today, ideally are funded by the operational budgets that we have today. So, you know, Mr. Speaker, there's no reason that this Assembly and that the government can't continue to make choices around operations and spending. The fiscal responsibility policy tries to simply put some guardrails around when we take on the debt to do the things that we need to do as a government. But, again, shouldn't create any kind of mental or political barriers to ensuring that we're meeting the responsibilities of the Assembly. Thank you.
Caroline Wawzonek on Question 639-20(1): Northwest Territories Borrowing Limit and Fiscal Responsibility Policy
In the Legislative Assembly on March 12th, 2025. See this statement in context.
Question 639-20(1): Northwest Territories Borrowing Limit and Fiscal Responsibility Policy
Oral Questions
March 12th, 2025
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