Our deficit last year did come in lower than we had expected. A lot of that was the state of the economy, which brought in more tax revenues in particular than we had thought. I think that came up in one of the questions previously. This does obviously mean that our debt accumulation was lower than had been anticipated. We do see a debt-to-GDP ratio that is lower than what we had projected certainly a year ago at this time. As I was saying earlier, we remain on a net debt-to-GDP ratio the lowest in the G7, and when we look at gross debt to GDP, as I was mentioning to Mr. McCauley, I think we're the second lowest in the G7 on that basis as well. Our debt figures are by international standards, by G7 comparisons, quite positive.
On November 23rd, 2023. See this statement in context.