This is the statement of revenue and expenses.
If you look at the line about halfway down the page called “Total revenues”, you will see that the actual revenues were about $6 billion higher than the budget. If you go down towards the end, the line that says, “Total expenses”, you will see that the expenses were about $6 billion lower than budget. The difference between the $29 billion and the $17 billion was $12 billion. Half of it, $6 billion, was on the revenue side and half of it was on the expense side. When you look at the revenue side, you see particularly that corporate taxes make up most of it. Corporate taxes were $42.216 billion compared to a budget of $37.877 billion. Most of the difference is in corporate taxes.
If you go down to the “Goods and services tax”, you'll see that that was about $1 billion above budget as well. Finance can tell you the economics behind why there may have been more corporate taxes, more goods and services taxes.
If you go down to the expense side, again, expenses were $6 billion below budget. There was $4 billion on what is called the “Total program expenses”, and $2 billion of it is in the “Public debt charges”. There was a $2-billion positive on the public debt charges.
Again, I think we had the conversation earlier about the fact that the government spent less on interest on its debt than it originally thought. Remember, sometimes that debt may have been issued in one year many years ago at a certain interest rate, and now it is refinanced at a lower rate than it originally was issued at. Even though it was in the year that interest rates may have gone up, if you're refinancing debt from a higher rate to a lower rate, then that can affect the interest expense. Again, a couple of billion dollars is in the public debt charges, and most of the rest of it, I think, is primarily in the other expenses, the departmental spending.
If you go through those numbers, it gives you the idea of where those differences are, and then I think the reasons for that. Whether those estimates are appropriate I think Mr. Matthews has addressed, and perhaps Finance can address that.