On the question of whether the government will spend less, the spring economic update did mention the government's comprehensive expenditure reduction strategy. It was fairly limited in terms of the detail it provided. Of note, it did not provide estimates of savings in year one of its plan by department or by estimated reductions in full-time equivalents for federal employment.
We should keep in mind that currently, we're in year one, so the reductions this year are meant to be 7.5%, rising to 15% over three years. Absent that information by department, we will do our best to look at the main estimates that have already been tabled this year versus last, in terms of where might we see some of that spending less. We'll be coming back to you with that analysis. It's partial and limited. With the spending more, there's a lot more detail on that.
