Mr. Speaker, budget 2025 proposes important updates to the First Nations Fiscal Management Act that will enable the First Nations Finance Authority to lend to special-purpose vehicles. For indigenous communities, this makes it easier for multiple nations to work together, borrow as a group and lower administrative costs. It also provides access to better borrowing rates and more opportunities to take equity in major projects and infrastructure.
With improved access to financing, communities can create good jobs, grow local businesses and build lasting prosperity for future generations.