Mr. John McCarthy:

Theoretically, or even in reality, we could have a situation in which from January in a particular year, the economy goes off a cliff or the public finances go off a cliff so that by the end of the year, we are looking at a real deterioration and we do not want to continue. It would be based on actual developments or forecasted developments. The idea is that the Minister would undertake an assessment, looking at a wide range of macro variables, economic as well as fiscal, to see if a reduction is justified, whether that is a reduction in the current year or a reduction in future years.