 Hi, I'm Kevin Falkin, your Minister of Finance. I've now delivered the 2012 provincial budget. It outlines how government is laying a firm foundation for the future of British Columbia, one that puts BC on the right path to eliminate the deficit, protect public services, and build a more competitive economy. These are challenging economic times, and that's why it's more important than ever for our government to maintain the fiscal discipline that has protected us from much of the economic turbulence plaguing many other parts of the world. But one thing is clear. There is zero tolerance in the financial community and the markets for governments that let their spending grow beyond their economy's ability to pay their debts. Many governments around the world face huge deficits and are forced to take extreme measures to get budgets back under control. Today, BC stands apart. Our record of fiscal management provides a solid foundation for our economy, making us a safe harbor for nervous international investors. Under this government, BC has consistently outperformed our budget targets. Since 2001, we have beaten our annual budget forecasts in 9 out of 10 years. BC's fiscal prudence has also kept our debt to GDP ratio low, and at a time when Canada's is at 35%, Ontario's at 37%, British Columbia's debt to GDP ratio stands out at 18%. This fiscal responsibility creates confidence in the economy, and when there is confidence there is investment, economic growth, and job creation. We will not finance government's day-to-day operating expenditures by passing on unaffordable debt to future generations. Our prudent and conservative fiscal management will protect us from the debt-fueled economic problems that are besetting other parts of the world. We are focused on controlling our spending and protecting our revenues to ensure we can continue to deliver the priority programs taxpayers want.