Debates of October 13, 2016 (day 29)

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RETURN TO ORAL QUESTIONS 300-18(2): REPORTING OF GOVERNMENT FISCAL RESPONSIBILITY POLICY

Thank you, Mr. Speaker. Mr. Speaker, I have a Return to Oral Question asked by Ms. Green on June 29, 2016, regarding Reporting of the Government Fiscal Responsibility Policy. The Fiscal Responsibility Policy is focused on committing the GNWT to prudent borrowing to ensure long-term fiscal sustainability. If the GNWT does not achieve sufficient cash from operating surpluses to finance 50 per cent of infrastructure investments in a fiscal year, the GNWT would be required to adopt a fiscal strategy to ensure sufficient operating surpluses were achieved over the subsequent two fiscal periods to bring the GNWT back into compliance. Thank you, Mr. Speaker.