Mr. Chair, our approach involves a significant amount of accountability. We explained that we can continue with a record that is the best in the G7. I said that we are already in a good position, since we have the lowest debt-to-GDP ration in the G7, which is about one-third the average of the other countries. At the same time, during our fiscal-planning process, we can continue to work towards lowering our debt-to-GDP ratio. We are in a good position, with a debt-to-GDP ratio around 30%, and this figure will be around 28.4% in the fifth year. We are therefore in a good position, since the other countries are seeing their debt-to-GDP ratio increase. We are resilient. We will continue to invest in growing our economy in a responsible way.
In the House of Commons on May 22nd, 2018. See this statement in context.