Thank you very much, Mr. Chair.
It's wonderful to see everybody. We have quite a rich panel. Thank you for taking time out of your day to spend it with us.
I know that we have Mr. Robson only until 4:30, so I will direct my initial questions to Mr. Robson and the C.D. Howe Institute.
Mr. Robson, when the budget came out, a number of articles suggested that it was potentially a prudent budget. In fact, the government referred to it as a prudent fiscal budget. I did some quick math, and in terms of projected spending this year coming up versus prepandemic levels, it looks like spending will be up about 25% versus the year just before COVID.
What was your immediate reaction to the budget?