Thank you for that.
You've touched on a couple of themes that I lived through in my previous life as a municipal councillor. In fact, we did have our budget split into operating and capital, and the capacity to deliver services at the municipal level was something that we were always struggling with, so I appreciate your bringing up those points.
We have talked about debt and spending. Given that there is this ambitious strategic direction that the government's taking to transform the economy and build in some shock resistance, there's some unavoidability of spending large amounts in investment and spending over a long time horizon. I already noted the response from the IMF person, and there are accolades from other G7 countries that I haven't read.
How would you compare the current government's response to the new global economic landscape to that of other G7 nations?
