Public Accounts committee  Absolutely.

Public Accounts committee  A bigger economy.

Public Accounts committee  Mr. Chair, I'm sorry. Could you repeat the question?

Public Accounts committee  Yes, I was on page 1.7.

Public Accounts committee  The revenue ratio has been declining essentially because of a reduction in tax rates, both for personal income and for corporate income, through that period. Plus there's the impact of the recession in that year, which played some role. But tax reduction has been a significant factor in that.

Public Accounts committee  You read it correctly, but you think this is the deficit. This is the debt.

Public Accounts committee  The deficit is nothing else than.... It's a standard for debt.

Public Accounts committee  Exactly.

Public Accounts committee  I will have to verify that. I don't have the numbers with me. It's likely to grow by one percentage point.

Public Accounts committee  That's accurate.

Public Accounts committee  Yes, that would be an example.

Public Accounts committee  Chair, I will do my best. Total revenues, which include tax revenues and non-tax revenues, went up by $7.5 billion in fiscal year 2012-13. This reflects an increase in GDP, the base of taxation. The tax rates have been kept stable. What happened is that the pie has been growing and this brings higher revenues.

Public Accounts committee  I'll continue, if I may.

Public Accounts committee  There's no problem there.

Public Accounts committee  There's no mistake. It just adds up. Starting with the figure in the line at the top, you see $620 billion. Further down, you see $621 billion because we added $620 billion and $1.341 billion. In the second line, you see $621.586 billion. Is that clear?