I refer to the fact that when we are looking at longer-term or medium-term fiscal sustainability, we should also consider other levels of government in our analysis of long-term fiscal sustainability. It's one thing, for example, to look at the fiscal situation of the federal government, but given that it's the same taxpayer supporting his or her municipal, provincial and federal government, we also need to take into consideration the finances at the provincial and municipal level, although we find in studying that issue that what matters the most for long-term fiscal sustainability is the federal and provincial fiscal sustainability. That's what I mean when I suggest that we take a whole-of-Canada approach, especially in the context of fiscal sustainability.
On May 26th, 2022. See this statement in context.