Caroline Wawzonek
Deputy Premier
Statements in Debates
Thank you, Madam Chair. The fund has now become professionally managed. That has improved the returns that are being received on the fund. The projection on the rate of the percent of the fund that is now actually interest, as opposed to the principal, it's projected to be close to 5 percent in the course of this fiscal year. Thank you, Madam Chair.
Madam Chair, I certainly can provide that number. I'm not sure that I can point it to the Member right this moment on this particular page. I can provide some other general statistics in terms of knowing that it is within the financial responsibilities policy and that we are compliant with that. In fact, we're very low; we're under 2 percent for the coming year, but the actual number, Madam Chair, I will have to get back to the Member.
Thank you, Madam Chair. On this occasion, I have the benefit of Mr. Kalgutkar here, who does support some of that work, so I am going to have him answer that question.
I am going to turn over to the deputy minister, please.
Thank you, Madam Chair. I would certainly commit to improving the transparency of the process, the transparency of the decisions made around bonuses. As to exactly the payment of the bonuses, I'm going to take that one away under advisement. Thank you, Madam Chair.
Madam Chair, I do recognize I think I've made a few commitments to various technical briefings today and, in the interests of making sure that that's done effectively, whether it's in conjunction with one of the others or whether it's on its own, we would certainly come back and better describe and explain the work of the Internal Audit Bureau, including appropriate examples of its work. I guess I'm hesitant to say that we would bring every audit done, but maybe I will work with the Member directly in advance of that briefing to ensure that what we bring forward provides enough information...
Yes, Madam Chair. Thank you.
Thank you, Madam Chair. Not that I am aware of. I can certainly commit to finding out, and depending on the answer to that, of course, it may lead me to more questions in due course. Thank you, Madam Chair.
Madam Chair, yes, they do. Thank you.
Madam Chair, thank you. Any bonuses paid out by a department have to come from within that department's internal funding. There is nothing on a main estimate line that will show an amount for bonuses. Thank you, Madam Chair.