I think the pandemic played a part, because the government made some policy decisions to suspend some repayments during the pandemic, but there's also an inherent volatility in decisions to write off, because it depends on recovery activity and repayment and how certain economic conditions can affect that. There's always some volatility in writeoffs and repayments because of the trigger that can be triggered or not, like the decision points, so there's always volatility in programs like that when it comes to writing off debt that is deemed unrecoverable.
On March 18th, 2024. See this statement in context.