We don't really forecast the deficits. We take the government's own fiscal plans as given. Governments have forecast their deficits. As I indicated, the way I would put it is that government spending is growing broadly in line with the trend growth in the economy. It's not boosting or overheating the economy, but it's continually growing, so it's not putting downward pressure on inflation either.
On April 18th, 2023. See this statement in context.