Section 6 - Interest‑bearing Debt

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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.

Table 6.1 presents the transactions and year‑end balances of interest‑bearing debt. Chart 6A presents interest‑bearing debt by category for the current fiscal year.

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.

A narrative description is provided for accounts reported in some tables. Such descriptions follow the same presentation order as their respective tables.

Table Summary

The table presents, to the nearest dollar, the transactions and balances of interest-bearing debt for the current fiscal year. It consists of five columns: a listing of interest-bearing debt categories; the opening balance for the debt as at April 1 of the current year; Receipts and other credits; Payments and other charges; the closing balance for the debt as at March 31 of the current year. The first series of rows lists unmatured debt categories and another presents the total. The second series of rows lists pensions, other future benefits and other liabilities, and another presents the total. A final row presents the total for this table.

Table 6.1
Interest‑Bearing Debt

  April 1, 2014
($)
Receipts and other credits
($)
Payments and other charges
($)
March 31, 2015
($)
Unmatured debtLink to footnote 1 —        
Payable in Canadian currency —        
Marketable bonds, Table 6.2 473,319,012,699 99,145,107,301 84,582,735,000 487,881,385,000
Treasury bills, Table 6.3 152,989,702,000 367,200,000,000 384,498,012,000 135,691,690,000
Retail debt, Table 6.4 6,327,056,968 1,540,855,208 2,208,177,403 5,659,734,773
Subtotal 632,635,771,667 467,885,962,509 471,288,924,403 629,232,809,773
Payable in foreign currencies —        
Marketable bonds, Table 6.2 12,994,194,999 5,409,841,878 3,649,680,751 14,754,356,126
Canada bills, Table 6.5 2,289,975,815 10,572,836,680 9,074,245,970 3,788,566,525
Medium‑term notes, Table 6.6 746,212,500 977,932,500   1,724,145,000
Subtotal 16,030,383,314 16,960,611,058 12,723,926,721 20,267,067,651
Total — Market debt 648,666,154,981 484,846,573,567 484,012,851,124 649,499,877,424
Cross‑currency swap revaluation 2,326,370,293   (negative 4,343,188,101) 6,669,558,394
Unamortized discounts and premiums on market debt, Table 6.7 3,184,071,638 2,850,109,664 1,738,585,992 4,295,595,310
Obligation related to capital leases, Table 6.12 3,602,669,203 402,348,085 295,439,702 3,709,577,586
Other unmatured debt 1,178,583,231 132,574,399 306,341,897 1,004,815,733
Total — Unmatured debt 658,957,849,346 488,231,605,715 482,010,030,614 665,179,424,447
Pensions, other future benefits and other liabilities —        
Public sector pensions, Table 6.15 153,162,597,634 16,908,586,487 17,406,977,717 152,664,206,404
Other employee and veteran future benefits, Table 6.28 71,959,401,000 10,103,145,000 5,922,063,000 76,140,483,000
Other liabilities —        
Due to Canada Pension Plan, Table 6.29 140,449,593 71,398,248,966 71,326,638,689 212,059,870
Government Annuities Account 166,137,504 10,989,238 27,528,658 149,598,084
Deposit and trust accounts, Table 6.30 1,685,233,243 652,195,690 662,903,922 1,674,525,011
Other specified purpose accounts, Table 6.33 3,922,279,318 2,734,706,440 2,691,710,372 3,965,275,386
Total 5,914,099,658 74,796,140,334 74,708,781,641 6,001,458,351
Total — Pensions, other future benefits and other liabilities 231,036,098,292 101,807,871,821 98,037,822,358 234,806,147,755
Total 889,993,947,638 590,039,477,536 580,047,852,972 899,985,572,202

Chart 6A

Interest‑bearing Debt By Category At March 31, 2015

Interest‑bearing Debt By Category At March 31, 2015. Refer to the text description following the image.

Image Description

The graph "Interest‑Bearing Debt by category" for the current year is displaying the category and the percentage to the total Interest‑Bearing Debt. It is composed of Marketable Bonds 55.8% Treasury Bills 15.1%, Other unmatured debt 3.0%, Public sector pensions 17.0%, Other employee and veteran future benefits 8.4%, Other liabilities 0.7%

Footnotes

Footnote 1

This table includes unmatured debt issued by the Government of Canada. Borrowings of agent enterprise Crown corporations which are unconditional obligations of the Government, but not included in unmatured debt, can be found in Table 6.11.

Return to footnote 1 referrer

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