To put some figures to that statement, federal all-source revenue is about $500 billion, federal spending is about $561 billion and all-source revenue for the provinces is $688 billion, give or take.
It's important, as the committee continues this study, to bear in mind—I think it was implicit in the motion that started this conversation—that there is a concern about fiscal balance within the federation. I would encourage the committee to consider all-source revenues and to recognize that at times in this country, politically, we have fallen into a bit of a pattern of thinking that if something is important enough, then the federal government must become responsible for it and it must become the spender.
In fact, there's a fair amount of fiscal capacity at the provincial level as well. It's not necessarily the case that, simply by transferring fiscal capacity from federal to provincial governments, we would arrive at a better balance than we already have.
This is to take a broader view. We tend to focus very much on income tax as the primary method of generating revenues in this country, but the picture is much broader than that.
