Debt representing accumulated deficits

Before government accounting reform in 2006-2007⁽⁸⁾
	Debt representing accumulated deficits within the meaning of the public accounts^(7),(9)		Plus: Balance of the stabilization reserve	Debt representing accumulated deficits after taking into account the stabilization reserve
	($million)	(% of GDP)	($million)	($million)	(% of GDP)
2020-2021	96 676	20.8	9 674	106 350	22.9
2019-2020	99 360	22.1	9 674	109 034	24.2
2018-2019	101 864	23.4	9 674	111 538	25.6
2017-2018	107 470	25.8	7 174	114 644	27.5
2016-2017	112 849	28.4	4 552	117 401	29.6
2015-2016	117 930	30.5	2 191	120 121	31.1
2014-2015	121 268	32.3		121 268	32.3
2013-2014	122 010	33.5		122 010	33.5
2012-2013	122 615	34.6		122 615	34.6
2011-2012	115 220	33.4		115 220	33.4
2010-2011	111 946	34.1		111 946	34.1
2009-2010	109 125	34.7		109 125	34.7
2008-2009	103 000	32.8	433	103 433	32.9
2007-2008	94 824	31.0	2 301	97 125	31.7
2006-2007	96 124	33.1	1 300	97 424	33.5
2005-2006	91 699⁽¹⁰⁾	32.7		91 699⁽¹⁰⁾	32.7
2004-2005	87 224	32.1		87 224	32.1
2003-2004	86 290	33.3		86 290	33.3
2002-2003	85 885	34.4		85 885	34.4
2001-2002	84 538	35.4		84 538	35.4
2000-2001	81 042	35.2	950	81 992	35.6
1999-2000	82 469	38.3		82 469	38.3
1998-1999	82 577	41.2		82 577	41.2
1997-1998	82 581	42.8		82 581	42.8
Before government accounting reforms⁽⁶⁾
1996-1997	64 833	35.2		64 833	35.2
1995-1996	61 624	34.0		61 624	34.0
1994-1995	57 677	33.1		57 677	33.1
1993-1994	51 837	31.4		51 837	31.4
1992-1993	46 914	29.2		46 914	29.2
1991-1992	41 885	26.6		41 885	26.6
1990-1991	37 558	24.1		37 558	24.1
1989-1990	34 583	23.0		34 583	23.0
1988-1989	32 819	22.9		32 819	22.9
1987-1988	31 115	23.7		31 115	23.7
1986-1987	28 716	24.0		28 716	24.0
1985-1986	25 735	23.4		25 735	23.4
1984-1985	21 455	20.8		21 455	20.8
1983-1984	17 298	18.4		17 298	18.4
1982-1983	15 038	17.2		15 038	17.2
1981-1982	12 569	15.2		12 569	15.2
1980-1981	14 326	19.2		14 326	19.2
1979-1980	10 836	16.2		10 836	16.2
1978-1979	8 460	14.2		8 460	14.2
1977-1978	7 058	13.2		7 058	13.2
1976-1977	6 353	13.0		6 353	13.0
1975-1976	5 044	12.1		5 044	12.1
1974-1975	4 093	11.1		4 093	11.1
1973-1974	3 651	11.6		3 651	11.6
1972-1973	2 992	10.9		2 992	10.9

Data for 1972-1973 to 1996-1997 are not comparable to data for 1997-1998 to 2020-2021.
For certain fiscal years, the data presented are the data restated in the Public Accounts for the subsequent fiscal year because of accounting changes.
Data for 1997-1998 to 2005-2006 are not comparable to data for 2006-2007 to 2020-2021 or to data for 1972-1973 to 1996-1997.
This is debt representing accumulated deficits within the meaning of the Public Accounts, that is, without the addition of the stabilization reserve.
The increase observed in 2005-2006 is mainly attributable to the implementation of accrual accounting for federal transfers.