Thank you.
For the year that just ended, the projected deficit turned out to be $4.4 billion lower than originally estimated in the 2016 budget. That is $4.4 billion in the context of a total budget that includes $300 billion in revenues and $300 billion in expenses. The expense side was very close, almost spot-on.
This past year, the surprise was that revenues came in at $4.3 billion higher than we had projected in the 2016 budget.