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Thanks for joining us for a summary of our report on the B.C. governments process for creating forecasts for its annual Budget and Fiscal Plan. This is the second report weve issued based on our examination of the B.C. governments budgeting process. Our first report, released in June 2015, focused on governments 2014/15 three-year revenue forecasts and the process used to create them. The Ministry of Finance has since addressed our three recommendations, which we made to improve the clarity and transparency of future budgets. This report centers on governments approach to forecasting operating expense, capital spending and debt for its 2015/16 three-year Budget and Fiscal Plan. Our goal was to determine 4 main things: First, if the assumptions underlying the forecasts were well-supported and provided a reasonable basis for the forecast Second, if the forecasts reflected these assumptions Third, if the presentation and disclosure of the Budget and Fiscal Plan met Canadian accountin
