Okay. I appreciate that.
I want to return to the conversation we've had at this committee today concerning austerity. Like my colleague Mr. Van Kesteren, I am trying to understand exactly what people mean when they say “austerity”. The Oxford definition is: difficult economic conditions created by government measures to reduce public expenditure.
Mr. MacDonald, you raised this initially. I presume austerity would be reducing public expenditures, not increasing them. Would you agree with that?