Thank you.
My questions will likely be directed to you, Mr. Leswick, in part in reaction to some of what you said earlier in response to a question, but more to what the minister said in his remarks. He talked about the debt-to-GDP level, and how low the federal debt-to-GDP was in Canada, and then compared it with other jurisdictions, such as the United States and G7 countries.
Is that really a proper comparison, given that in the United States, for example, almost all significant social program expenditures, including medicare, medicaid, social security, and so on...? They have a federal department of education, and other services are funded federally. Is it proper to then not include provincial debt in that calculation to compare those two countries?
Do you know, and can you tell the committee, the debt-to-GDP level of all government debt, including crown corporation debt, which is important to consider as well?