Thank you, Mr. Chair.
Thank you to our guests. It's always good to participate in this committee. I think this is the second time I've had the opportunity and, Mr. Ferguson, I believe the last time I was here, you were appearing before the board as well.
The government announced their latest fiscal update on Tuesday. Given the recently announced increased spending, could you tell us, Mr. Ferguson, when you would forecast that we would be able to get to a lower debt-to-GDP ratio than we're seeing right now?
In 11 years, I think we're estimated to be another $81 billion in debt, or potentially more. I think in the report, we're at a 31.1% debt-to-GDP ratio.
Given the latest announcement in spending, how far would you see our debt-to-GDP ratio coming down?