Financing transactions^(1),(2)

(millions of dollars)

Change in cash position
	2014-2015	2015-2016	2016-2017	2017-2018
General Fund	–3 839	1 131	580	–2 158
Consolidated entities	–561	504	–2 609	1 473
Total – Change in cash position	–4 400	1 635	–2 029	–685
Net borrowings
General Fund
New borrowings	20 348	16 437	17 976	11 843
Repayment of borrowings	–11 051	–16 224	–18 184	–7 996
Subtotal – General Fund	9 297	213	–208	3 847
Consolidated entities
New borrowings	7 603	6 109	9 212	7 933
Repayment of borrowings	–6 107	–5 649	–5 522	–7 229
Subtotal – Consolidated entities	1 496	460	3 690	704
Total – Net borrowings	10 793	673	3 482	4 551
Change in the Retirement Plans Sinking Fund, individual funds and other employee future benefits⁽⁷⁾	–4 162	–4 932	–5 200	–6 084
Generations Fund	–1 279	–1 584⁽⁸⁾	–2 001	–2 293
Total Financing transactions	952	–4 208	–5 748	–4 511

A negative entry indicates a financial requirement and a positive entry, a source of financing. For the change in cash position, a negative entry indicates an increase and a positive entry, a decrease.
For certain fiscal years, reclassifications have been made to ensure that the data are consistent with the presentation of the public accounts for the subsequent fiscal year.
These funds are intended to cover the retirement benefits of public and parapublic sector employees, accumulated sick leave and survivor’s pensions for government employees. Their investment income is reinvested and applied against the interest on obligations relating to the retirement plans and other employee future benefits.
The change in the balance of the Generations Fund in 2015-2016 includes dedicated revenues of $1 453 million and a deposit of $131 million from the accumulated surplus of the Commission des normes du travail.

Financing transactions(1),(2)