Archived - Department of Finance Tables the Debt Management Strategy for 2015–16
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The Debt Management Strategy sets out the Government of Canada’s anticipated borrowing for the coming year
March 30, 2015 – Ottawa, Ontario – Department of Finance
Finance Minister Joe Oliver today tabled in Parliament the Debt Management Strategy for 2015–16.
The Financial Administration Act requires that the Government table in Parliament, prior to the start of the fiscal year, a report on the anticipated borrowing to be undertaken in the year ahead, including the purposes for which the money will be borrowed.
The Debt Management Strategy sets out the Government of Canada’s objectives, strategy and plans for the management of its domestic and foreign debt, other financial liabilities and related assets.
The Government will continue to use a variety of instruments to fund its operations but will cease the issuance of 3-year bonds. This will allow for the building of larger benchmark sizes in the core 2- and 5-year sectors, which will increase liquidity and support the well-functioning of these important sectors.
- In 2015–16, the Government of Canada will continue to use a variety of instruments to fund its operations, including:
- Nominal bonds and Real Return Bonds;
- Treasury bills; and
- Retail debt products.
- The Government issued a total of $3.5 billion in 50-year bonds over the course of 2014.
- Foreign currency borrowing will continue to be undertaken in order to fund Canada’s foreign exchange reserves, with foreign currency funding requirements estimated to be around US$9 billion in 2015–16.
- For 2015–16, the Government has been granted an aggregate borrowing limit of $270 billion, unchanged from the borrowing limit for 2014–15.
“This year, our Government will balance the budget—securing a brighter future for our children and grandchildren. This year’s Debt Management Strategy contributes to that objective by laying out our plan to secure stable, low-cost funding in the year to come.”
- Joe Oliver, Minister of Finance
- Debt Management Strategy for 2015–16
- Debt Management Strategy for 2014-15 (Budget 2014)
- Debt Management Report 2013–2014
- Financial Administration Act
Director of Communications
Office of the Minister of Finance
Department of Finance