Pallister says COVID-19 has shut down the economy so borrowing is the only way governments are going to get money to support health care. He called for a Federal Emergency Reserve Savings Fund explaining the federal government should act as the intermediary for all provinces in their borrowing. He says they should co-ordinate this national emergency response as they can borrow at much lower rates and they can pass those savings on as a service to Team Canada. He notes it could save Manitobans in excess of a billion dollars in just the next ten years adding lower interest payments mean more money for health care now and in the future and lower burdens on future generations too.
Pallister says he is waiting for a response from the federal government but all provinces are onboard with the plan.