The unmatured debt has gone up by $120 billion—and that is recorded in the government's liabilities—but it is offset by a roughly commensurate increase in assets. The reason is that the bulk of the increase in that unmatured debt is due to, one, the purchase of mortgage-backed securities by the CMHC from the chartered banks in order to provide liquidity to our banks, and two, a fairly large increase in liquidity for the Bank of Canada that was funded through an increase in unmatured debt. This increase in the debt was used to purchase assets, financial assets in this case, so that the net debt, if you will, or the accumulated deficit, shows a much smaller amount, a deficit of $5.8 billion.
