Morneau’s contingency reserves, or adjustments for risk, as the Trudeau Newspeak would have us call them, are up and down like a whore’s drawers. The adjustment to risk of $3B in the fall budget for 2017-18 has been reduced to $1.5B, so $1.5B of the $8.6B reduction in the deficit forecast for the current fiscal year just comes from this manipulation of the contingency reserve.