Ottawa, December 16, 2010

Archived - Minister of Finance Tables Debt Management Report for 2009–10

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The Honourable Jim Flaherty, Minister of Finance, today tabled in Parliament the Debt Management Report, noting that lower interest rates and strong demand for Canadian market debt supported a stable environment for debt management in 2009–10.

“This meant that the Government of Canada spent less on servicing its debt obligations than in the previous year—even as it continued to make substantial but necessary one-time investments to address the effects of the global financial crisis through Canada’s Economic Action Plan,” said Minister Flaherty.

Canada is seen as a model of best practices in sound economic management by our international partners and independent analysts alike. The Government is being recognized not only for its stewardship of the financial sector, but also for its responsible approach to the management of its debt obligations.

In the fiscal year ended March 31, 2010, Government of Canada market debt stood at $564.4 billion, while debt charges on this debt were $15.3 billion.

The Debt Management Report can be viewed on the Department of Finance website.

For further information, media may contact:

Annette Robertson
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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