Mr. Michael Sabia at the Public Accounts Committee

On November 22nd, 2022. See this statement in context.

November 22nd, 2022 / 5:20 p.m.

Deputy Minister, Department of Finance

I'll give you two numbers there.

For 2021-22, it's 45% federal debt-to-GDP ratio.

Then we project that figure over the period of the fiscal framework over the next five or six years. There are some variations in the economic statement that we published because, as you know, we publish both a base case and a downside case, and the debt-to-GDP percentage changes depending upon what case we're in.

See context to find out what was said next.