Nunavut’s federal borrowing limit rises to $1.05B – Nunatsiaq News

Mar 21, 2025

Previous cap was $750M; finance minister doesn’t expect borrowing spree with higher limit

Nunavut can now borrow up to $1.05 billion.

The federal government has increased the territory’s borrowing limit, up from $750 million, Nunavut Finance Minister Lorne Kusugak announced last week in the legislative assembly.

“We have carefully managed our borrowing under the previous limit, ensuring funds were used wisely,” Kusugak said in a statement to MLAs.

“With this new limit, we and future governments can better plan for investments and address Nunavut’s infrastructure needs.”

Read More: https://nunatsiaq.com/stories/article/nunavuts-federal-borrowing-limit-rises-to-1-05b/