Good morning, everyone.
I will start with Mr. Hodgson. You represent the Conference Board, which, to my mind, is an important economic organization. Earlier, you said that your mission is to provide economic forecasts. I am disappointed that you have not submitted any documents to us. Words often slip away and are hard to hold on to.
Earlier, we heard the commitment made by the Parliamentary Budget Officer. I think that he has a responsibility. He provided us with a document we can refer to even after our meetings. I expected you to submit documents based on information you receive, you already have or you interpret yourself.
I will ask you a question about the document presented to us earlier by Mr. Kevin Page. He came to the conclusion that we have a structural deficit. I think that this is an important element when it comes to the budget. I wanted to hear what you think about that specific element. Do you agree with not controlling expenditures and not conducting any analyses on the long-term sustainability of political decisions? I would like to hear your opinion on this. Do you consider long-term projections more than you do annual forecasts that may be based on political uncertainty?