A little earlier in the financial year, in the second half of 2020, we conducted an analysis of federal transfers which was quite cursory, considering the extent of the amounts in question.
However, when we do our economic and budgetary forecasts, we consider what is known, namely the federal transfers to the provinces, to forecast the level of the deficit. We also consider that when we report on financial viability. We did one in February 2020 and we updated it at the end of 2020. We consider federal transfers when we assess the medium- and long-term financial viability of the federal government and of the provinces, both collectively and individually. We consider what we know, meaning the legislation in effect and the one-time transfers, when we want to prepare our forecasts on deficits or surpluses, depending on the time in which we find ourselves.