I'm sorry about that. I've had this written down so many times and we've started our work on the budget process, so I didn't want to be referring to anything that was out of date.
On the federal debt, again, you might recall that in the fall economic statement we showed some scenarios where we were allocating that $70 billion to $100 billion of fiscal stimulus. There were different scenarios and we said we'll allocate, but we weren't actually incorporating it into the full fiscal situation. I'm going to give you the figures that don't have that planned stimulus.
For the 2020-21 fiscal year, federal debt as a share of GDP, according to this statement, was 50.7%. We have that rising to 52.6% in 2021-22. That's sort of its peak, based on the current set of fiscal announcements, and then declining by 2025 to 49.6%.
I'll just note that on the basis of comparisons to other countries in the G7, for example, ours is quite.... I'll just read the numbers out loud, but obviously we're still in the best situation. We have Canada, as a share of GDP, at 46.4%; Germany, 54%; the U.K., 98%; the U.S.A., 107%; France, 110%; Italy, 149%; Japan, 177%; and the G7 average being about 110% of GDP.
Obviously, as you suspected, we're still in good shape right now. Those are the current levels of debt as estimated by the IMF.