Finance committee  We assume that the effective interest rate on government debt in the 2007-08 year stays constant over the next few years; we project interest payments based on that level. That's built into the status quo framework. A lowering of interest rates would increase the available fiscal room.

Finance committee  That would be on page 21.

Finance committee  Expenditure revenues are essentially identical to what's in the economic and fiscal update. So those are the government's numbers.

Finance committee  Sorry?

Finance committee  We have a separate table, table 3, below the updated status quo framework, which includes both our recommended revenue and our expenditure measures.

Finance committee  It's page 15.

Finance committee  Exactly.

Finance committee  That's correct.

Finance committee  Thank you, Mr. Chair and members of the committee, for having me today as part of this distinguished panel. I live in Vancouver, so greetings from British Columbia, where last week the provincial budget brought in the country's first carbon tax, something that I'm sure you'll be studying as time goes on.