Statements in Debates
Thanks, Mr. Chair. Yes, the short-term debt as well as the long-term debt goes under our debt limit, which is $1.3 billion, is the federally imposed debt limit. Thanks, Mr. Chair.
Thank you, Mr. Chair. So the 2017-2018 supplementary reserve will be over-expended by about $7.5 million. That includes, though, a special warrant related to the barges that will be repayable over time, but for the year, it's $7.5 million over the reserve amount. Thank you, Mr. Chair.
Thanks, Mr. Chair. There is a little difference between whether they are getting a grant or a contribution from government, but typically there is a requirement to report back. Depending on the type of organization that it is, the reporting could range from some outcomes of what they were able to do with the funding from the territorial government to the requirement for audited financial statements and more detail on what they did with their contributions from the government. It really depends on the NGOs that are laid there. We have a third party accountability framework that describes the...
Thank you, Mr. Chair. This is supplementary funding. They increased their contribution related to their collective agreement. Thanks, Mr. Chair.
Thanks, Mr. Chair. I think this is an issue that has been looked at in the past. I know we have started another project with the Department of Health and Social Services to look at those costs again and see what the requirement would be, and then see whether within our fiscal environment we are operating, whether it makes sense to do that or not, but we have started to do that detailed work again, just to update those figures and have that for a fully informed discussion on that topic. Thanks, Mr. Chair.
Thanks, Mr. Chair. I don't have the main estimates document in front of me, but I believe those values that the Member quoted are correct. Thanks, Mr. Chair.
Thank you, Mr. Chair. The items included in this appropriation will make that supplementary reserve be over by about $4.8 million for the year. Thanks, Mr. Chair.
Thank you, Mr. Chair. The GNWT recently signed an early learning and childcare agreement with the federal government that provides funding over a number of years. I believe it is a 10-year agreement. There are a variety of activities to support early childhood operators under that contribution.
The first $2 million in the first year, there are some additional positions that are being added to help support the work with the various childcare operators, as well as some other activities that are included in there as well. Thanks, Mr. Chair.
Thanks, Mr. Chair. My understanding is that it will be repaid over a 15-year period for the contributions we've made to them. Thanks, Mr. Chair.
Thank you, Mr. Chair. So as the Member would be aware, the estimates are that; they're estimates. As the year goes along, the supplementary reserves are accessed for situations like this. Departments also end up, at the end of the year, with some lapsed funding, and that all gets figured out at the end of the year. Then we'll be able to figure out our cash position and know whether that's going to add to our short-term debt or whether we'll have adequate resources for the year to cover all those expenditures; but if it is beyond the revenues that we had for the year, then that would go on...