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Ottawa, March 14, 2002
2002-023

Debt Management Strategy for Fiscal Year 2002-03 Tabled in Parliament

Related document:

• Debt Management Strategy 2002-03.

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 2002-03.

This publication provides comprehensive information on the Government’s debt management strategy for the coming fiscal year. As in recent years, the focus of the strategy will be on keeping debt-servicing costs low and stable over time while maintaining a well-functioning market for Government of Canada securities.

The bond and Treasury bill programs will continue with the same structure and are expected to operate at levels similar to those of 2001-02. The target for the fixed-rate share of the debt will be maintained at two-thirds.

The Government plans to continue regular bond issuance in the 2-, 5-, 10- and 30-year maturity sectors. Planned initiatives aimed at enhancing the market for Government of Canada securities include expanding the scope of bond buyback operations and continuing to reduce operational turnaround times to limit risk for market participants.

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