I'll go first.
I think when governments first come to the table to look at social finance, they think it will be a reduction of investment of government dollars. It can lead to a reduction in government dollars on certain projects, because you have new partners coming in co-investing, or new sources of capital. But I think the other reality is that it allows government now to pick organizations that are really making an impact in terms of the outcomes. You may have an organization that you were giving $100,000 to, let's say, that was doing certain outcomes. You now might see, proven by other investors coming to the table, that by your investing more money in them, you're going to get more outcomes, because the issue is bigger than what they're doing right now.
So while I believe in government investing more in outcomes that are proven results, it might not mean you're having a reduction of spending; it's just that you're being more strategic and making more of an impact.