Madam Speaker, the debt-to-GDP ratio has been dropping year after year in the last four years. Compared with our European colleagues, on average our debt-to-GDP ratio is one-third of that of any European nation in the OECD, and compared with the Americans, our ratio, as a percentage, is way less than half of theirs.
If we look at the outlook, it is on a constant decline, so we are on the right trajectory, where our GDP is growing and the deficit and debt are decreasing year by year. We are on the right track, and that is why Canadians chose this progressive government once again.