Well, we're talking about I think potentially two different things. There are structural and cyclical deficits and surpluses. On the one hand, we have the federal government that is in deficit because of I think two things—cyclical. We suffered what was a short and profound recession and we're recovering from that, but the government also embarked on a series of spending decisions, which is well within its policy purview, whereas provinces have recovered more quickly because they have not needed to go as deep in debt as the federal government due to COVID-19. Both elements are there.
But looking at the longer term, when we do the fiscal sustainability report we assume that everything is put on autopilot, and we see that the federal situation is likely to be better than the provincial situation, taken as a whole, for the structural elements that I talked about earlier.