Indeed. Thank you for the question, because it helps establish clarification.
The statistic that the minister quotes is an internationally comparable statistic. In other words, there are various adjustments made by the IMF and OECD to establish a common comparison of debt between countries. One of those adjustments is indeed the fact that we would add the value of provincial and territorial government debt into our debt metric. Likewise, the U.S. and other G7 countries would add their sub-sovereign levels of government into their debt metric as well. So it is on a comparable basis.
Extending it a little bit further, though, because the dynamics of government are so different in terms of how we, for instance, fund our social security schemes—we contribute assets into the CPP/QPP, whereas other jurisdictions just throw those premiums into their national revenues—it does become quite a set of adjustments.
I'm saying that quite objectively in terms of—