Public Accounts committee  Just to clarify, the losses have been incurred in the public accounts starting in 2022-23. The current public accounts loss is $3.1 billion. In the previous years, we had surpluses, including a surplus of $2.4 billion for the previous year. Overall—and it's important to note that the forecast we have is based on the market view of the interest path and also assumptions on the evolution of our balance sheet—based on the latest forecast, we're forecasting that the total loss will be about $9 billion.

Public Accounts committee  We prepare our annual financial statements, which are from January to December, but then we also provide the data for the fiscal year of the public accounts, which is from April to March. We provide that to the Department of Finance and the Receiver General for Canada after the numbers are audited by our two auditors, so when it is rolled up into the public accounts, it's integrated into the overall public account numbers and you will see our results in the public accounts.

Public Accounts committee  The numbers you're citing are on the government statements, so I will let the Department of Finance respond.

Public Accounts committee  In the 2021-22 year, we had a surplus of $2.3 billion. The 2022-23 year is the first year public accounts showed a loss. It was $3.1 billion.

Public Accounts committee  There was a surplus.

Public Accounts committee  I'm sorry. The public accounts fiscal year is from April 1 to March 31. For the 2021-22 year of the public accounts, there was a surplus of $2.3 billion. For the year from April 2022 to March 2023, there was a loss of $3.1 billion.

Public Accounts committee  The public accounts for 2021-22 show that we had a surplus. The first year with a loss was 2022-23, at $3.1 billion.

Public Accounts committee  It's a surplus. We had a surplus in the public accounts of $2.3 billion.

Public Accounts committee  That's correct.