SoVote

Decentralized Democracy
  • Mar/29/23 2:00:00 p.m.

Hon. Clément Gignac: I will try to be quick.

First, I just want to thank you for the time you gave to me when I arrived at the Senate to explain how this procedure and this system works.

Even I used net public debt-to-GDP to mention that this is the lowest in the G7. But they have other approaches in terms of debt. The other one, which is the gross public debt, is a pretty different story when compared to the Organisation for Economic Co-operation and Development, or OECD.

I am curious to see if you have any opinion on that. The net debt is the lowest, but it is much higher than in 2015. It is now 43% rather than 31%, and is declining slower than my expectation. I’m curious: Is gross debt the best indicator? Or is it the net debt?

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