Thank you, Annie. This is an important question.
I think what we will see is different countries doing different things based on their situation. We're lucky that our situation fiscally is strong, so the measures we've put in place now represent about 8.5% of our GDP. That's obviously enormous. It's very significant in terms of the direct measures to people, the $107 billion or so that's going directly to people through the wage subsidy and the CERB. It's also very significant in terms of the deferrals we've put in place on taxes, as well as, finally, the credit that we're putting out for businesses. It's significant in multiple places.
With respect to other countries, we are doing that international comparison now. We are among the leaders in that. We obviously have a fiscal situation that enables us to do that. Many European countries don't have that same positive starting point, but we've been comparing and we see that we've been more aggressive in supporting people and more aggressive in supporting businesses.
As I mentioned on an earlier question, we've also been more effective in actually getting it done, for example, getting the business loans out. In our country, they're actually out and in people's pockets already, in many cases. Of course, our CERB is out and in people's pockets, in millions of cases, so this is very positive. In that way, Canada not only has done the work and made the commitments, but we're also delivering. In some countries, the commitments and the delivery are separated by administrative challenges that we've overcome.
We'll continue to look at other countries, how they're doing it, and compare our efforts. We'll make sure they're appropriate for us, but also make sure they're appropriate for supporting all Canadians, your constituents being a good example.