Mr. Speaker, I think the hon. member for Winnipeg North would acknowledge that at least a portion of the idea that she is suggesting is drawn from experience in other countries, most particularly in the United States. I would note in that experience that sometimes it works well and sometimes it does not. There are, for example, some unfortunate conflicts that emerge between the CBO, the congressional budgetary office on the one hand, and the office of budget and management associated with the White House on the other, and in the third place, the department of the treasury. There are some differences between our system and the American system that makes some of the ideas not directly transferrable.
On her essential point that we need to have greater precision and accuracy in the process of forecasting and laying out fiscal and economic projections into the future, I agree with that principle absolutely. That is why the government has asked one of the most prominent forecasters and modellers, Mr. Tim O'Neill of the Bank of Montreal, to provide a comprehensive review of the Canadian way of doing these forecasts and advancing these econometric models. We want to ensure that we are producing those fiscal projections in a way that matches up with the best practices in the world.
I am very pleased to report to the House that not only will Mr. O'Neill bring his great experience and expertise to bear on this issue, but we have also enlisted the cooperation and support of the International Monetary Fund that will be participating in this review process as well to ensure that--