Thank you very much, Chair.
I too would like to extend a welcome to Mr. Forbes.
Welcome to this committee. I have a question for you. There has long been a concern at this committee about deficits and the net debt-to-GDP ratio. We have seen fluctuate, of course, over the years. In this year's public report the deficit was actually $17.5 billion lower than forecasted. Can you talk to us about how this has affected our deficit and where we stand in terms of our net debt-to-GDP ratio amongst the G7?