I'll start with a brief anecdote from the start of my career. I was working on forecasts for equalization payments. I worked quite hard on my forecasts and I gave them to the provincial minister. In the legislature, he said that he knew only that these figures would prove inaccurate. I think that we need to keep in mind that this type of uncertainty is part of the nature of forecasting.
I think that the analysis of budget scenarios has a great deal of merit. It helps us determine the path to follow and to see the possible impact of this type of fiscal framework over a given period. This approach helps us to see whether our decisions will remain viable.
