We don't have an opinion as to when the government should really get back to balance. What we want is to provide you with the analysis of what the potential impacts could be.
We think the economy is operating roughly two percentage points below potential. I mean, we're launching an austerity impact exercise, and we think if you restrain spending in the neighbourhood of $60 billion over the next five years, in the way that's implemented, it could trim from output levels as much as 0.7% on the level. We expect employment to continue to improve, but we think it could reduce employment by roughly 100,000 jobs.
Ultimately, when people look to the future, when parliamentarians look to the future and the government looks to the future, they may decide that not only do we want in the medium term to be balanced, but we also want to be in a structural surplus position, so that we'd be in a better position to deal with challenges in the future.
Again, that's a government decision, a policy decision. We're agnostic to that.