Kevin O'Reilly
Statements in Debates
Merci, Monsieur le President. It never fails to amaze me sometimes the things I can learn in oral questions, that the credit rating agencies were consulted but okay, that's all good.
In my statement, I noted that the fiscal responsibility policy has failed to keep our debt from growing at greater than inflation, that there are no consequences for noncompliance. Can the Minister tell us what changes will be made to the fiscal responsibility policy? Mahsi, Mr. Speaker.
Thanks. I'm probably straying a little bit far here but what was the original projected operating surplus then for 20222023?
Thanks, Madam Chair. So what was the original sort of cost estimate? Thank you.
Merci, Monsieur le President. I move that consideration of Tabled Document 88219(2), Supplementary Estimates (Operations Expenditures), No. 3, 20222023, be now concluded and that Tabled Document 88219(2) be reported and recommended as ready for further consideration in formal session through the form of an appropriation bill. Mahsi, Madam Chair.
Merci, Monsieur le President. In the Finance Minister's budget address on February 8th, 2023, there was mention of a review of the fiscal responsibility policy. She said, quote, last summer, we evaluated this policy and its requirement that at least half of GNWT capital investments is financed by the operating surplus to ensure that it still is effective in meeting our debt management principles. We've already started changes in the reporting on the future debt implications in this budget, and in short order, we will be revising the fiscal responsibility policy to help decision makers better...
Yeah, thanks. Because we get that kind of information in the main estimates. Well, sort of although whatever. Anyways, I just think it's a good thing in terms of greater disclosure, transparency, and so on, and I'm sure the Minister will find a way to do it.
So this, you know I think, as I understand it, I think I heard the Minister say that the supplementary reserve is going to be $35 million well, maybe $44 million in debt or whatever. How do we cover that shortfall, and do we have to go and get shortterm, you know, debt coverage somehow and pay an interest rate for that that's higher than...
Thanks, Madam Chair. So this money is going to go to NorthwesTel; is that what happens here? Thanks, Madam Chair.
Thanks, Madam Chair. So is there any kind of annual satisfaction survey ever done of ISSS and the services that they offer to the departments? Thanks, Madam Chair.
Thanks, Madam Chair. So I think I'm on the right fund now. What's the supplementary reserve, what do we start off with, and what was it before the sup and what's it going to be after the sup? Thanks, Madam Chair.
Thanks, Madam Chair. Yeah, I don't have anything further on general stuff but I have some questions on the detail. Thank you.