Section 6: Interest-bearing debt as at March 31

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Interest-bearing debt

This section contains information on the interest-bearing debt of the government. Interest-bearing debt includes the unmatured debt and pensions, other future benefits and other liabilities.

Some tables in this section present the continuity of accounts, by showing the opening and closing balances, as well as receipts and other credits, and payments and other charges.

The financial statements of the Canada Pension Plan, the Government Annuities Account and the Royal Canadian Mounted Police (Dependants) Pension Fund, together with the Independent Auditor's Reports thereon, are presented at the end of this section.

Table 6.1
Interest-bearing debt
(in dollars)
  April 1, 2019 Receipts and other credits Payments and other charges March 31, 2020
Unmatured debtLink to footnote 1
Payable in Canadian currency
Marketable bonds, Table 6.2 569,526,487,750 128,181,149,500 100,843,536,000 596,864,101,250
Treasury bills, Table 6.3 134,300,000,000 343,567,000,000 326,000,000,000 151,867,000,000
Retail debt, Table 6.4 1,236,815,539 – 739,595,657 497,219,882
Subtotal 705,063,303,289 471,748,149,500 427,583,131,657 749,228,321,132
Payable in foreign currencies
Marketable bonds, Table 6.2 11,015,102,887 4,655,773,813 3,002,476,700 12,668,400,000
Canada bills, Table 6.5 2,699,274,991 14,098,823,514 14,638,424,863 2,159,673,642
Medium-term notes, Table 6.6 2,295,945,000 52,620,000 1,235,985,000 1,112,580,000
Subtotal 16,010,322,878 18,807,217,327 18,876,886,563 15,940,653,642
Total—Market debt 721,073,626,167 490,555,366,827 446,460,018,220 765,168,974,774
Unamortized discounts and premiums on market debt, Table 6.7 2,162,797,706 2,859,974,900 2,535,854,539 2,486,918,067
Total—Market debt including unamortized discounts and premiums 723,236,423,873 493,415,341,727 448,995,872,759 767,655,892,841
Cross-currency swap revaluation 7,273,489,098 3,318,728,524 – 10,592,217,622
Obligation related to capital leases, Table 6.12 2,893,316,412 283,423,986 263,841,006 2,912,899,392
Obligation under public-private partnerships 3,511,226,400 275,440,466 1,196,636,962 2,590,029,904
Total—Unmatured debt 736,914,455,783 497,292,934,703 450,456,350,727 783,751,039,759
Pensions, other future benefits and other liabilities
Public sector pensions, Table 6.15 168,782,547,750 21,684,322,220 21,870,278,963 168,596,591,007
Other employee and veteran future benefits, Table 6.28 113,861,798,000 18,366,627,000 5,850,804,000 126,377,621,000
Other liabilities
Canada Pension Plan Accounts, Table 6.29 163,236,867 89,387,170,387 89,271,780,995 278,626,259
Government Annuities Account 122,942,522 8,887,455 17,068,736 114,761,241
Deposit and trust accounts, Table 6.30 1,355,356,410 749,998,345 770,729,292 1,334,625,463
Other specified purpose accounts, Table 6.33 4,263,076,667 1,903,943,875 1,844,423,278 4,322,597,264
Total 5,904,612,466 92,050,000,062 91,904,002,301 6,050,610,227
Total—Pensions, other future benefits and other liabilities 288,548,958,216 132,100,949,282 119,625,085,264 301,024,822,234
Total 1,025,463,413,999 629,393,883,985 570,081,435,991 1,084,775,861,993

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