In your report, you talked about the improvement in the structural budget and the fact that the budget would move into a surplus position. However, a number of economists are of the view that it is a false surplus—and I think you talked about this in your presentation—resulting from the federal government's failure to spend all budgeted amounts appropriated by Parliament.
And that could make fiscal management more challenging in the years ahead, especially in light of a potential change in government in 2015. In fact, the budget reality and the public accounts reality are completely different.
What are your thoughts on the false surplus projected by the government?