Yes, that's extremely important.
That leads me into my next question. At one point in time, in a previous life, I was part of the Canadian Free Trade Agreement. I can tell you that going from province to province to province, co-operation...and the impediment of regulatory barriers shouldn't happen, but it's there, obviously. It becomes a political impediment, to some extent. I'll leave it that. Thank you.
If I have a couple of minutes left, Mr. Chair, I want to move to Mr. Dachis just quickly.
I know we talk about deficits, and I want to clarify that the year-end deficit on March 31 was $113 billion. I'm not sure if the number was correctly mentioned previously.
Further to that, I want to quote Stephen Poloz here. He said:
Of the fiscal room that was on the table, only about half of it was deployed in new programs. The rest was geared towards reducing the debt-to-GDP ratio through time a little faster than it otherwise would, which I think is a bit of a success given the political situation in which we find ourselves in.
When we look at budgets, we always tend to look at expenditures very quickly and make assumptions, but we never tend to look at the revenues. We've seen growth here in the last eight months through omicron.
Mr. Dachis, is that a fair assessment that Mr. Poloz gave us as a government?