Thank you very much, Mr. Chair.
My thanks to all of the witnesses for your attendance. I know that collectively you all have your finger on the pulse of the government's finances and it's great to hear from you.
I have questions regarding the discussion and analysis in section 1 of volume 1 of the Public Accounts. I'm going to direct them to Mr. Ralston I think, unless I'm told that they're authored by another department or agency.
I'm specifically going to look at the last paragraph on the left-hand side of page 1.3. The question I have revolves around a comment that I've heard from some opposition members and others in which the government is accused of deliberately underestimating revenues so as to create a better financial picture when the numbers eventually turn up. Looking at that paragraph that I've just referenced, I want to ask you, did you find the government's 2012-13 downward adjustment for risk to revenues to be unnecessarily exaggerated?