Thank you.
Thank all of you for coming. Mr. Fréchette, welcome again.
I would like to ask you about your August report entitled “Analysis of Performance Budgeting During Recent Fiscal Consolidation”. It seemed to reveal that the government is cutting programs regardless of how well they work. Not only did it find no relationship between the performance by a department and its budget growth but it also found evidence, it seems to me, that important financial resources are being taken away from successful programs and transferred to non-performing programs.
According to your findings, what is the government's success rate in meeting its own performance objectives?