Mr. Speaker, I am sorry if my answer was a little too technical. Perhaps one of his colleagues might explain it to him.
Let it be very clear that at the time we took office there were a lot of doubts expressed as to the credibility of the government's financial projections.
It was very clear to us that if we were going to re-establish confidence in the management of the economy by the new government, it was important that we recognize liabilities when they occurred, that we be as prudent as possible and that we go the extra mile to do so.
That is what happened in this case. It may well be that the auditor general has said we have been excessively prudent but I can tell members that is not a bad accusation to carry in the international money markets.