Finance committee  Certainly. On that note, we started off at 0.35% of GDP in 2029, and by the end of our outlook here—I think we showed up until 2065—that drops to 0.15% of GDP. So it halves, basically, over the outlook. That's a result of these demographic movements in the program parameters.

Finance committee  Because this is quite a new program, we don't have any historical data to work with yet, and we have a very limited subset of tax forms and CRA data to work with, compared with the Department of Finance. I would attribute most of those differences, then, just to our not really kn

Finance committee  In appendix A, on page 18, we have the outlook for the three-month treasury rate and the 10-year government bond rate. We have an equation that maps the duration of the bonds onto the effective rate that we apply to the government debt. We look, then, at borrowing in the market a

Finance committee  Chris will be able to tell you the exact kind of path of policy rate that we assume, but certainly we have the effective interest rate on government debt increasing over the outlook period.

Finance committee  In terms of its overall sustainability picture, which is the way we like to evaluate the overall impact of these policy changes, the government debt path was sustainable before the change and continues to be sustainable after. The cost in the first full year of the program, 2028-

Finance committee  That should largely reflect just the different nominal GDP bases and, within nominal GDP, the different shares accruing to households versus firms. The difference between us, the delta between us and Finance, would probably be attributable to its risk adjustment, which is spread

Finance committee  In 15 seconds?

Finance committee  I think our point usually with balanced budget legislation is that it's a very complex law with many unintended consequences. If you're going to restrict the fundamental prerogative of the executive, there needs to be a very good reason for that. Right now, we see that the fisca