Thank you.
I think that's right.
Mr. Morneau's mandate letter talked about a fiscal anchor, and of course we now have a fiscal position that lacks the fiscal anchor.
I think a preoccupation on timelines is probably unnecessary, but a clear path forward, I think, is required. That's why there's a tendency to see balanced budget legislation as a straitjacket, and it need not be. In fact, it ought to be seen as a useful guide, as a help. Countries such as Australia have used explicit fiscal rules to help signal to the market, to government departments, and to stakeholders the government's fiscal trajectory. I think it would be of use not just to the government but to this committee for this budget to set out a clear path to close the gap between revenues and outlays.