Perfect. Thank you very much, Mr. Giroux. I appreciate it.
With respect to debt-to-GDP ratio, the government has three different levers they can pull, to a certain extent, to affect that ratio. One would be the amount of spending; another would be the amount of revenue they collect; and the third would be GDP growth. I have issues with the assumptions the government has made in all three of these areas.
Number one is that you said in your report, I believe, that there's a 70% chance they will hit their debt-to-GDP target. However, that's without any additional spending. In the nine years this government has been in power, we have yet to see a budget or any type of financial document—including a fall economic statement—that doesn't have new spending.
If in fact the government is consistent in its rate of increase in spending, as opposed to its call for no new measures, as projected, will they hit their debt-to-GDP ratio? What could the potential ceiling of that be?