Thank you, Mr. Chair.
Mr. Fréchette, my thanks to you and your team for your hard work. It is very much appreciated. I enjoyed the work of the Parliamentary Budget Officer before I became a member of Parliament and I appreciate it more as a member of Parliament.
I would like to come back to your report on the economic and fiscal outlook. I am referring to Figure 6. My colleague Mr. Dusseault talked a bit about it and I would like to ask you a few more questions.
With the 70% confidence interval—I know this is the least accurate interval—we can see the possibility of accumulating a deficit of about $30 billion or having a surplus budget just over $10 billion by the end of the 2021-22 fiscal year.
It may seem a bit crass to you, but can you explain how it is that your forecasts present us with both the worst and the most optimistic of situations?