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Ottawa, February 27, 2001
2001-019

Debt Management Strategy for Fiscal Year 2001-02 Tabled in Parliament

Related document:

• Debt Management Strategy, 2001-2002.

Finance Minister Paul Martin today tabled in the House of Commons and the Senate the Government of Canada’s Debt Management Strategy for fiscal year 2001-02.

This publication provides comprehensive information on the federal government’s debt management strategy for the coming fiscal year. In 2001-02 the focus of debt management will be to ensure that debt-servicing costs are kept low and stable over time, while maintaining a well-functioning market for Government of Canada securities. To that end, the Government will maintain a prudent debt structure with the target fixed-rate share of the debt maintained at two-thirds.

No major restructuring of domestic debt programs is planned in 2001-02. Bond and Treasury bill programs are expected to operate at levels similar to those of 2000-01. Planned initiatives include increasing the target benchmarks for 10- and 30-year bonds from $9 billion-$12 billion to $12 billion-$15 billion, moving to smaller, more frequent bond buybacks with target volumes announced quarterly, and extending the pilot cash management bond buyback program into 2001-02.

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