Mr. Chair, this is for Canada. This table tries to explain what happened between the beginning of the year, when we had budget 2012, and when we closed the accounts, showing how nominal GDP evolved compared with what was expected. We were expecting 4.6% and we ended up in March and June at 3.1% and then up a little bit, at 3.4%.
The essence of this is that the nominal GDP is essentially the tax base. If you get less nominal GDP, you get less tax revenue. This affected our expectation for tax revenue through the year. We had less at the end of the year than we thought at the beginning of the year we would have.