Thank you, Madam Chair.
Minister and Deputy Minister, thank you very much for joining us here. There are many topics I would like to discuss with you this morning.
First, you offered to give the committee the review of other countries that have a regulatory sandbox system. I would appreciate your tabling that with the committee.
Now, to my first topic. This morning, the Parliamentary Budget Officer published a study on the fiscal implications of Canada's commitment to invest 5% of its GDP in NATO by the end of 2035. The PBO's findings are concerning. This would increase the deficit by $63 billion, which is 1.4 percentage points of GDP. The federal debt-to-GDP ratio would increase by 6.3 percentage points.
Can you comment on that?
What are you going to do about it?