Thank you, Mr. Chair.
Thank you all for being here.
I want to talk about your fiscal sustainability report that was released in October as well. In it you talk about a number of things, but one of the key points is that you talk about the federal government and that the current federal fiscal policy is sustainable over the long term. As well, it says that the PBO estimates that the federal government could implement permanent tax reductions or spending increases amounting to 1.2% of the GDP while still maintaining fiscal sustainability.
What are some of the factors that have led you to come to that conclusion in terms of the long-term sustainability?