The indebtedness rate continues to decline

The debt representing accumulated deficits is the indicator used by the government to show the change in its financial position. As at March 31, 2001, this debt totalled $81 992 million, and it will remain stable throughout the forecast period.

As a proportion of GDP, the debt representing accumulated deficits will continue to decrease because of the maintenance of a balanced budget. It will reach 33.5% as at March 31, 2004, which corresponds to a drop of over 23% in the indebtedness rate in six years.