It is not, I would argue, because of the measures that this government and previous governments have taken to manage our debt down to put us on a downward track in terms of debt to GDP and the underlying size of the debt.
If the question is what component of our interest rates is driven by the size of the debt versus the size of program reductions, I'm afraid I can't answer that. I don't know if anyone can. Suffice it to say it is driven by a number of different factors, one of which is the overall size of debt as a portion of the economy. That's something this government is mindful of and wants to ensure is managed in such a way that servicing our debt does not become a problem, and therefore drive up interest costs as we've seen both in other countries and in this country in the past.
