We told Canadians that investing is the right approach at a time of low growth. We've seen over the last decade that growth has been lower than we'd like it to be. We can see that in the future there will be demographic challenges.
We designed our platform with that investment in mind. We did it specifically because we believed that as a country we have some real opportunities. We clearly have advantages, such as wonderful natural resources, a highly educated workforce. We also have an advantage. The previous Liberal government in the 1990s did some very hard work to get us to a low debt-to-GDP ratio. That has put us in a very fortunate position globally. As we've mentioned, we have the lowest net debt-to-GDP ratio in the G7. We believe that's an important anchor. What I can tell you is that while growth is lower than we expected, by impacting that measure from our first budget to our last budget, we will be lowering the net debt-to-GDP ratio. We believe that's important. We remain having as an objective getting to a balanced budget, and recognize that this will be more challenging.