The debt that was recorded in 2022-23 was 41.7% of GDP at that time. It increased somewhat in 2023-24, as Mr. Giroux has mentioned, and then it's scheduled to decline slowly over the years ahead.
I do think that we shouldn't get too carried away with whether it's a fraction of a percentage point higher or lower. What really matters is that it's not growing at an unsustainable rate, and Canada's debt level is very low relative to most other industrial countries—certainly much lower than our neighbour to the south. So much attention on the debt itself at the expense of other macroeconomic indicators, I think, is misleading.