Thank you, Mr. Chair.
Thank you all for being here.
I want to start with a question concerning the estimated federal debt as a percentage of GDP. It sounds like the finance department sees a decline in the deficit from 2021-22 to 2055-56. Help me if I'm misunderstanding this, but there seems to be a difference of opinion or in the modelling results between 2021-22 to 2035-36 based on these charts. I'm just curious because it sounds like the Department of Finance thinks that ratio will increase in that period but the PBO report seems to indicate that it will continue to decline from 2021 to 2056. Am I understanding this graph properly? It just seems to stand out to me that there's a difference in those years or a difference in the modelling. I'm going from the Library of Parliament's briefing note, but it's a figure and it pulls out these years.
I'm just looking for clarification as to what's so different in 2036.