Annual lists 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995

Ottawa, December 21, 2000
2000-100

Minister of Finance Releases Debt Management Report for 1999-2000

Related document: 

• Debt Management Report.

Finance Minister Paul Martin today released the Debt Management Report (DMR) of the Government of Canada for fiscal year 1999-2000.

As noted in the report, the Government recorded its largest budgetary surplus ever – a total of $12.3 billion for the fiscal year ending March 31, 2000. Fiscal year 1999-2000 was the third consecutive year that the Government recorded a surplus. These surpluses, resulting from continued spending restraint and strong economic growth, have allowed the Government to reduce the net public debt by $18.7 billion over the past three years. The DMR is a comprehensive report on federal debt operations for 1999-2000 within this fiscal context.

The report provides information on specific initiatives undertaken to maintain transparency, liquidity and efficiency in the market for Government of Canada securities in a declining debt environment and to improve the Government's treasury operations. Initiatives included implementing the bond buyback program, lifting the ceiling on the reconstitution of stripped bonds, publishing proposed changes to the cash management framework and adding collective action clauses to foreign-denominated securities.

The DMR will be tabled as soon as Parliament resumes sitting. It is available free of charge on the Department of Finance Web site. Printed copies are available for $10.70 from the Department's Distribution Centre at (613) 995-2855.

___________________
For further information:

If you would like to receive automatic e-mail notification of all news releases, please visit the Department of Finance Canada Web site at: http://www.fin.gc.ca/scripts/register_e.asp.