The truth is that Canada's budgetary practice going back to the early eighties is actually really smart, and it's nothing to do with me and this particular government. It's how all budgets have been done since then. The fiscal projections—the sort of base scenario of what we believe is going to happen to growth, to inflation, to the price of oil, those kinds of key components—are not figured out by smart Finance officials like the people sitting with me. They come from the projections of private sector economists and the average of their projections.
On May 2nd, 2023. See this statement in context.