I certainly think there is a risk that without a lot of transparency on where those cuts are taking place, we could be kicking the can down the road in terms of future spending pressures. I think the government, the public service, should be providing those five-year spending plans by department. Where are those cuts taking place? Is it in operating? Is it in capital? Which program activities are affected? How are they managing those service levels?
We've had our own experiences in Canada, which I lived through in the 1990s, in which we went through massive fiscal restraint. There was very depressed capital spending going on. We built up capital spending pressures and we had to put money back in the system.
I think with greater transparency we could manage the overall fiscal and service-level risk much better.