- The document discusses Canada's debt-to-GDP ratio, which measures government debt as a percentage of GDP. It notes that Canada has one of the lowest debt-to-GDP ratios in the G7. - It examines fiscal policies and spending/deficits under different governments in Canada. Austerity measures in the 1990s under Paul Martin focused on spending cuts rather than tax increases. - Data on debt-to-GDP ratios, government spending, taxation, surpluses and deficits over time in Canada are presented from various sources to analyze fiscal trends and debates around these issues.