Statements in Debates
Thank you, Mr. Chair. I would like to thank the Member for his comments. Just to point out what we know now, there are two calls with deputy ministers from across the country both for infrastructure and transportation with their respective Ministers. In a lot of cases, the appropriate federal or territorial Ministers will be involved in the calls to talk about follow-up from the budget today. We will be looking at, probably in the very near future, some detail about what that means for us as we look at our planning and the cost-shared dollars and the degree of cost-shared portions – is it 50...
The $120 million is booked for accounting purposes. The $15 million is a sign of good faith, but you’ll notice in my budget address I indicated in there that that money will not flow until late 2015.
Yes, Mr. Speaker.
Our plan is clear. I have laid it out. We’ve agreed to the adjustment of 25 percent. That money will not be available to us as a government until late 2015. We will book that money. We will agree to the 25 percent on an ongoing basis. We will book that and have it reflected in the 2015-16 budget. Thank you.
Cleary, this session there’s an interest by Members in terms of vacancies and this HR issue. There’s a report tabled each session in this Legislative Assembly for the Members where we can have that discussion. We’re also in the midst of a total rewrite of the Financial Administration Act, which will fully involve committee. We’re going to be looking at a total rewrite since it’s a very old document, so I believe the concerns of the Member will be able to be addressed as we look at the rewrite of that legislation. Thank you.
The key issue with the Heritage Fund has been the political debates over the amount that goes into the Heritage Fund. We came forward with 5 percent. We’ve had the debate. Clearly, the money is not going to flow into our coffers where we’ll actually have the cash until 2015, but the critical decision as a government was what we are going to put in, as a Legislature, what we are going to agree to earmark to go into that Heritage Fund. If we would have waited until next year, then the 5 percent in the budget would have gone into the fund. So there was a need to have that political debate, even...
The activities that the Member talks about are set out, as he’s pointed out, in Section 31.1 of the Financial Administration Act. Under that act, as well, deputy ministers, under the delegation of authority of regulations, have been delegated authority by the FMB to transfer funds among activities. Departments are required to report to the Department of Finance detailed monthly reports of all budget adjustments and transfers affecting operations, expenditures and capital expenditure appropriations. This includes transfers between expenditure categories, such as compensation and benefits...
Yes, we will endeavor to have a document on the books within the timelines outlined by the Member. Thank you.
Mr. Speaker, nobody has been led down the garden path. What we’ve had here in this House over the last few days is a very fundamental debate about what amount of money is going to be put into the Heritage Fund on a go-forward basis that will eventually be put into legislation. There was a critical first step and that’s what we’ve had.
We had listed in our budget address, in the budget, 5 percent, and if the House would have just concurred with that, 5 percent would be what would be driving us, as a government, on a go-forward basis in the Legislative Assembly. Now we have clarified that very...
Thank you, Mr. Speaker. The establishment of a Heritage Fund has been a long process going back to the last Assembly, and we started with the legislative proposal to get the legislation passed. We got the legislation passed in anticipation of the day when devolution would come. In the meantime, we started putting in a very modest amount of money, a quarter-million dollars a year, seed money, as it were. We’ve always contemplated, and it has always been anticipated that as the fund devolves as we hit devolution, and as the money starts being put into the Heritage Fund, and as it grows in...