Mr. Speaker, in 2015, the debt-to-GDP ratio was 30% and the Liberals campaigned on dropping it to 27% by 2019-20. This year, it will be about 50%.
Debt to GDP appears to remain our fiscal anchor in budget 2021. The government is still saying that it will moderately decrease, but this time starting from a number almost twice as big as predicted. Do we really have a credible fiscal anchor? Perhaps we should consider using a new one, maybe a debt-to-service ratio. This is easy to understand.
Could the minister please tell us what other fiscal anchors the government has considered?