Unmatured debt

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Marketable bonds

Market debt is recognized on the Consolidated Statement of Financial Position when the government becomes a party to the contractual provisions of the instrument and is measured at amortized cost. At initial recognition, amortized cost is calculated by taking into account transaction costs, including debt issuance costs, and any discount or premium arising on issuance of the debt when the face value of the instrument issued differs from the proceeds received. Subsequently, the effective interest method is applied to determine the amortized cost of the instrument and allocate the unamortized portion and interest to public debt charges over the term to maturity of the instrument, or a shorter period when appropriate.

Marketable bonds are interest-bearing certificates of indebtedness issued by the Government of Canada, and have the following characteristics:

Registered marketable bonds are transferable by endorsement and delivery by one holder to another. Bearer marketable bonds need not be endorsed. The totals for marketable bonds include amounts for real return bonds (RRBs). For RRBs, the interest payable is indexed to the Consumer Price Index (CPI), while it is not for other marketable bonds. Additionally, the face value of RRBs is adjusted for inflation at maturity (indexed to CPI).

The year-end balances of marketable bonds payable in foreign currencies were translated into Canadian dollars using the closing rates of exchange at March 31, 2025.

Table 6.2
Marketable bondsLinks to footnote * in Table 6.2
(in dollars)

  April 1, 2024 Receipts and other creditsLinks to footnote 1 in Table 6.2 Payments and other chargesLinks to footnote 1 in Table 6.2 March 31, 2025
Payable in Canadian currency
Matured 2024–2025 155,390,381,000 155,390,381,000
Maturing
2025–2026 195,608,858,000 9,236,000,000 186,372,858,000
2026–2027 92,434,757,500 77,679,182,500 1,050,000,000 169,063,940,000
2027–2028 49,860,841,000 16,500,000,000 66,360,841,000
2028–2029 60,500,000,000 60,500,000,000
2029–2030 27,898,959,000 63,000,000,000 90,898,959,000
2030–2031 84,200,000,000 84,200,000,000
2031–2032 84,047,224,000 2,190,182,000 86,237,406,000
2032–2033 45,000,000,000 45,000,000,000
2033–2034 55,988,905,000 2,000,000,000 57,988,905,000
2034–2035 14,000,000,000 50,000,000,000 64,000,000,000
2035–2036 18,000,000,000 18,000,000,000
2036–2037 8,991,567,000 170,235,000 9,161,802,000
2037–2038 11,730,774,000 11,730,774,000
2041–2042 23,161,187,000 176,522,500 23,337,709,500
2044–2045 10,544,226,000 199,584,000 10,743,810,000
2045–2046 16,300,000,000 16,300,000,000
2047–2048 9,886,492,000 187,187,000 10,073,679,000
2048–2049 14,900,000,000 14,900,000,000
2050–2051 9,256,800,000 175,256,000 9,432,056,000
2051–2052 51,816,529,000 51,816,529,000
2053–2054 32,000,000,000 32,000,000,000
2054–2055 2,380,119,000 45,045,000 2,425,164,000
2055–2056 16,750,000,000 12,000,000,000 28,750,000,000
2057–2058 5,000,000,000 5,000,000,000
2064–2065 8,750,000,000 8,750,000,000
Subtotal 1,081,397,619,500 247,323,194,000 165,676,381,000 1,163,044,432,500
Less:
Adjustment to amortized costLinks to footnote 2 in Table 6.2 (negative 6,107,972,657) (negative 27,923,858,234) (negative 27,816,550,355) (negative 6,215,280,536)
Consolidation adjustmentLinks to footnote 3 in Table 6.2 (negative 179,479,000) (negative 160,708,000) (negative 203,202,000) (negative 136,985,000)
Subtotal (negative 6,287,451,657) (negative 28,084,566,234) (negative 28,019,752,355) (negative 6,352,265,536)
Total marketable bonds payable in Canadian currency 1,087,685,071,157 275,407,760,234 193,696,133,355 1,169,396,698,036
Payable in foreign currencies
Matured 2024–2025 4,062,600,000 4,062,600,000
Maturing
2025–2026 4,739,700,000 295,050,000 5,034,750,000
2026–2027 4,739,700,000 295,050,000 5,034,750,000
2028–2029 5,416,800,000 337,200,000 5,754,000,000
2029–2030 9,350,250,000 9,350,250,000
Total 18,958,800,000 10,277,550,000 4,062,600,000 25,173,750,000
Less: Adjustment to amortized costLinks to footnote 2 in Table 6.2 (negative 129,449,097) (negative 653,625,434) (negative 592,504,477) (negative 190,570,054)
Total marketable bonds payable in foreign currencies 19,088,249,097 10,931,175,434 4,655,104,477 25,364,320,054
Total future principal repayments at contractual maturity 1,106,773,320,254 286,338,935,668 198,351,237,832 1,194,761,018,090
Total market debt 1,106,773,320,254 286,338,935,668 198,351,237,832 1,194,761,018,090

Table 6.2 notes

Table note *

The dash means that the amount is 0 or is rounded to 0.

Return to table note * referrer in Table 6.2

Table note 1

These columns include the translation of marketable bonds payable in foreign currencies to Canadian dollars using the closing rates of exchange at March 31.

Return to table note 1 referrer in Table 6.2

Table note 2

The adjustment to amortized cost represents the difference between the carrying amount of debt measured at amortized cost and the principal payable at maturity.

Return to table note 2 referrer in Table 6.2

Table note 3

The 2025 ending balance includes $21,467,000 of securities held by consolidated Crown corporations and other entities and $158,452,000 of borrowings by consolidated agent Crown corporations. Additional information on consolidated Crown corporations and other entities is provided in Section 4 of this volume.

Return to table note 3 referrer in Table 6.2

Treasury bills

Treasury bills are short-term certificates of indebtedness issued by the Government of Canada to pay sums of money on given dates, and have the following characteristics:

Table 6.3
Treasury billsLinks to footnote * in Table 6.3
(in dollars)

  April 1, 2024 Receipts and other credits Payments and other charges March 31, 2025
Three-month bills 93,800,000,000 340,300,000,000 340,300,000,000 93,800,000,000
Six-month bills 58,800,000,000 122,100,000,000 119,600,000,000 61,300,000,000
Other bills 114,800,000,000 272,100,000,000 256,800,000,000 130,100,000,000
Subtotal 267,400,000,000 734,500,000,000 716,700,000,000 285,200,000,000
Less:
Adjustment to amortized costLinks to footnote 1 in Table 6.3 4,249,657,589 (negative 11,807,091,757) (negative 10,245,548,210) 2,688,114,042
Consolidation adjustmentLinks to footnote 2 in Table 6.3 166,857,000 92,806,000 259,663,000
Subtotal 4,416,514,589 (negative 11,714,285,757) (negative 10,245,548,210) 2,947,777,042
Total 262,983,485,411 746,214,285,757 726,945,548,210 282,252,222,958

Table 6.3 notes

Table note *

The dash means that the amount is 0 or is rounded to 0.

Return to table note * referrer in Table 6.3

Table note 1

The adjustment to amortized cost represents the difference between the carrying amount of debt measured at amortized cost and the principal payable at maturity.

Return to table note 1 referrer in Table 6.3

Table note 2

Represents securities held by consolidated Crown corporations and other entities. Additional information is provided in Section 4 of this volume.

Return to table note 2 referrer in Table 6.3

Canada bills

Canada bills are short-term certificates of indebtedness issued by the Government of Canada in the United States money market under the government’s foreign currency borrowing program. Canada bills provide Canada with an additional source of short-term US funds and have the following characteristics:

The year-end balance of Canada bills payable in US dollars was translated into Canadian dollars using the closing rate of exchange at March 31, 2025.

Table 6.4
Canada billsLinks to footnote * in Table 6.4
(in dollars)

  April 1, 2024 Receipts and other credits Payments and other charges March 31, 2025
Canada bills before revaluation 1,976,509,564 16,593,685,943 14,592,700,954 3,977,494,553
Exchange valuation adjustment 195,398,376 36,811,151 232,209,527
Less: Adjustment to amortized costLinks to footnote 1 in Table 6.4 13,847,670 (negative 147,573,458) (negative 150,927,420) 17,201,632
Total 2,158,060,270 16,778,070,552 14,743,628,374 4,192,502,448

Table 6.4 notes

Table note *

The dash means that the amount is 0 or is rounded to 0.

Return to table note * referrer in Table 6.4

Table note 1

The adjustment to amortized cost represents the difference between the carrying amount of debt measured at amortized cost and the principal payable at maturity.

Return to table note 1 referrer in Table 6.4

Interest rates

Table 6.5 sets out market debt as at March 31, for each of the years 2021 to 2025 inclusively, with the average rate of interest thereon. For purposes of comparison, market debt is classified as marketable bonds, treasury bills and Canada bills.

Table 6.5
Market debt as at March 31, from 2021 to 2025, with the average rate of interest thereon
(in millions of dollars)

  Marketable bonds Treasury bills Canada bills Total market debt
Amount outstanding Average interest rate % Amount outstanding Average interest rate % Amount outstanding Average interest rate % Amount outstanding Average interest rate %
2025 1,194,761 2.64 282,252 3.24 4,193 4.29 1,481,206 2.76
2024 1,106,774 2.39 262,983 5.04 2,158 5.28 1,371,915 2.90
2023 1,058,572 1.90 198,899 4.28 2,459 4.64 1,259,930 2.28
2022 1,055,141 1.49 186,877 0.60 2,573 0.33 1,244,591 1.37
2021 886,616 1.63 218,775 0.21 4,054 0.07 1,109,445 1.35

Table 6.5 notes

General notes:

  • The interest rate in effect at March 31 is used where various rates of interest are applicable.

Table 6.6
Treasury bills average yields at tenderLinks to footnote * in Table 6.6
(in percentage)

Year ended March 31 High Low Last issue
Three-month bills
2025 4.98 2.64 2.64
2024 5.16 4.44 5.00
2023 4.57 1.02 4.41
2022 0.77 0.04 0.77
2021 0.73 0.06 0.12
Six-month bills
2025 4.90 2.65 2.65
2024 5.25 4.52 4.94
2023 4.69 1.48 4.44
2022 1.36 0.14 1.36
2021 0.43 0.10 0.17
364-day bills
2025 4.77 2.58 2.60
2024 5.35 4.45 4.74
2023 4.79 2.10 4.35
2022 1.99 0.18 1.99
2021 0.50 0.13 0.21
Other bills
2025 5.00 2.73 2.75
2024 5.06 4.51 5.00
2023
2022 0.12 0.06 0.06
2021 0.23 0.19 0.19

Table 6.6 notes

Table note *

The dash means that the amount is 0 or is rounded to 0.

Return to table note * referrer in Table 6.6

Maturity of government debt

Table 6.7
Maturity of Government debtLinks to footnote * in Table 6.7
(in millions of dollars)

  Marketable bonds Treasury bills Canada bills Total market debt
Amount Average interest rate % Amount Average interest rate % Amount Average interest rate % Amount Average interest rate %
2026 191,408 2.41 285,200 3.24 4,210 4.29 480,818 2.91
2027 174,098 2.85 174,098 2.85
2028 66,361 2.96 66,361 2.96
2029 66,254 3.38 66,254 3.38
2030 100,249 3.41 100,249 3.41
2031–2035 337,426 2.41 337,426 2.41
2036–2040 38,892 3.49 38,892 3.49
2041–2045 34,082 2.42 34,082 2.42
2046–2050 41,274 2.24 41,274 2.24
2051–2055 95,674 1.69 95,674 1.69
2056–2060 33,750 3.33 33,750 3.33
2061–2065 8,750 2.45 8,750 2.45
Subtotal 1,188,218 2.64 285,200 3.24 4,210 4.29 1,477,628 2.76
Less:
Government's holdings and consolidation adjustment (negative 137)   260     123  
Adjustment to amortized costLinks to footnote 1 in Table 6.7 (negative 6,406)   2,688   17   (negative 3,701)  
Total 1,194,761 2.64 282,252 3.24 4,193 4.29 1,481,206 2.76

Table 6.7 notes

General notes:

  • A blank cell means there is no available data.
Table note *

The dash means that the amount is 0 or is rounded to 0.

Return to table note * referrer in Table 6.7

Table note 1

The adjustment to amortized cost represents the difference between the carrying amount of debt measured at amortized cost and the principal payable at maturity.

Return to table note 1 referrer in Table 6.7

Obligation related to capital leases

A capital lease is a lease that transfers substantially all the benefits and risks inherent in ownership of the asset to the lessee. The net obligation related to capital leases represents the present values of the remaining minimum lease payments under the capital lease arrangements.

Table 6.8
Obligation related to capital leases
(in dollars)

  April 1, 2024 Net changes March 31, 2025
Buildings 2,003,239,840 (negative 203,344,484) 1,799,895,356
Works and infrastructure 302,295,847 (negative 31,411,356) 270,884,491
Machinery and equipment 60,001,351 57,208,075 117,209,426
Total 2,365,537,038 (negative 177,547,765) 2,187,989,273

Capital leases

Table 6.9
Details of obligation related to capital leasesLinks to footnote * in Table 6.9
(in thousands of dollars)

  Inception date Lease term in years Discount rate %Links to footnote 1 in Table 6.9 Total estimated remaining minimum lease payments Less: imputed interest using the discount rate Net obligations under capital lease arrangements
Canadian Heritage
Canadian Broadcasting Corporation
Maison de Radio-Canada, Montréal Feb 2020 30 2.95 232,978 66,846 166,132
Canadian Museum for Human Rights
Capital leases less than $10,000,000       1,581 255 1,326
Canadian Museum of Nature
Natural Heritage Building, Gatineau Sep 1996 35 9.88 22,750 6,037 16,713
Energy and Natural Resources
Department of Natural Resources
183 Longwood Drive, Hamilton Nov 2010 25 1.65 46,415 3,865 42,550
National Defence
Department of National Defence
Edmonton Armoury North Apr 2023 12 0.00 18,411 2,062 16,349
Energy Performance Contract, Bagotville Apr 2024 11 0.03 4,438 720 3,718
Energy Performance Contract, Esquimalt Apr 2021 12 1.05 1,000 3 997
Energy Performance Contract, Greenwood Apr 2021 13 1.11 1,236 5 1,231
Energy Performance Contract, Petawawa Apr 2021 9 0.86 747 5 742
Longue Pointe Supply Depot, Montréal Nov 1994 31 11.89 335 140 195
Montfort Hospital, Ottawa—Health Services Feb 2009 17 5.26 3,569 13 3,556
Subtotal       29,736 2,948 26,788
Public Safety
Royal Canadian Mounted Police
RCMP Detachment, Cornwall Aug 2009 25 5.54 10,792 2,397 8,395
Capital leases less than $10,000,000       566 126 440
Subtotal       11,358 2,523 8,835
Public Services and Procurement
Department of Public Works and Government Services
111 Lombard Avenue, Winnipeg Nov 2014 20 2.69 11,085 1,323 9,762
1501 Bleury Street, Montréal Oct 2019 20 4.50 47,343 12,620 34,723
1550 d'Estimauville Avenue, Québec Nov 2011 20 8.24 28,727 6,614 22,113
191 Laurier Avenue West, Ottawa Jul 2022 10 3.20 24,641 2,707 21,934
2 Victoria Avenue, Miramichi Jan 2018 20 3.46 38,122 7,336 30,786
200 Promenade du Portage, Gatineau Nov 2019 10 4.36 6,965 662 6,303
22 Eddy Street, Gatineau May 2013 25 6.19 141,805 44,753 97,052
2575 Sainte-Anne Boulevard, Québec Apr 2015 20 10.32 22,014 8,316 13,698
280 Slater Street, Ottawa Sep 2023 15 3.51 40,291 8,232 32,059
30 Victoria Street, Gatineau Jun 2013 25 6.74 147,824 50,021 97,803
351 Saint-Joseph Boulevard, Gatineau (Lease 1 of 3) Jul 2011 25 5.28 40,819 10,148 30,671
351 Saint-Joseph Boulevard, Gatineau (Lease 2 of 3) Dec 2011 25 7.33 10,670 3,446 7,224
351 Saint-Joseph Boulevard, Gatineau (Lease 3 of 3) Aug 2014 12 2.45 1,331 23 1,308
395 Terminal Avenue, Ottawa Jan 2013 15 2.67 12,250 452 11,798
455 de la Carrière Boulevard, Gatineau Nov 2012 25 4.84 104,347 26,315 78,032
550 de la Cité Boulevard, Gatineau Dec 2021 15 2.34 49,959 6,372 43,587
90 Elgin Street, Ottawa Nov 2014 25 7.23 284,912 109,162 175,750
Canada Place Building, Edmonton Oct 2007 25 4.44 157,894 24,521 133,373
Guy Favreau Complex, Montréal Jan 2004 30 3.17 22,010 2,810 19,200
Harry Hays Building, Calgary Oct 2007 25 4.44 156,381 24,288 132,093
Joseph Shepard Building, Toronto Oct 2007 25 4.44 108,141 16,796 91,345
Judicial Complex, Toronto Apr 2006 20 11.40 6,667 395 6,272
Mercury Centre, Ottawa Jan 2007 25 4.50 43,883 6,104 37,779
Montcalm Place, Tower II, Gatineau Apr 2012 15 2.57 3,153 83 3,070
RCMP Building, Montréal Oct 2007 25 4.44 27,319 4,248 23,071
Revenue Canada Building, Montréal Oct 2007 25 4.44 55,330 8,595 46,735
Skyline Complex, Ottawa Oct 2007 25 4.44 122,610 19,053 103,557
Thomas D'Arcy McGee Building, Ottawa Oct 2007 25 4.44 95,299 14,798 80,501
Trusco Building, Ottawa Sep 2006 20 4.28 9,841 309 9,532
Capital leases less than $10,000,000       166,798 31,447 135,351
Subtotal       1,988,431 451,949 1,536,482
Shared Services Canada
IBM—Mainframes Jul 2021 4 3.07 7,844 40 7,804
Supercomputer—Meteorological Service of Canada, Dorval Jul 2017 11 1.44 109,943 1,880 108,063
Subtotal       117,787 1,920 115,867
Transport
Department of Transport
Confederation Bridge, Borden-Carleton May 1997 35 6.16 528,921 258,037 270,884
Other ministries
Capital leases less than $10,000,000       2,616 204 2,412
Total       2,982,573 794,584 2,187,989

Table 6.9 notes

General notes:

  • A blank cell means there is no available data.
Table note 1

For lessors and lessees, the financing rate of a lease agreement is subject to change over the term of lease.

Return to table note 1 referrer in Table 6.9

Table note *

The dash means that the amount is 0 or is rounded to 0.

Return to table note * referrer in Table 6.9

Minimum lease payments related to capital leases

Table 6.10
Minimum lease payments related to capital leasesLinks to footnote * in Table 6.10
(in thousands of dollars)

  Payments due by March 31
2026 2027 2028 2029 2030 2031 and subsequent Total
Canadian Heritage
Canadian Broadcasting Corporation
Remaining payments 9,382 9,382 9,382 9,382 9,382 186,068 232,978
Imputed interest 4,730 4,617 4,476 4,331 4,182 44,510 66,846
Subtotal 4,652 4,765 4,906 5,051 5,200 141,558 166,132
Canadian Museum for Human Rights
Remaining payments 376 376 376 282 171 1,581
Imputed interest 100 76 50 24 5 255
Subtotal 276 300 326 258 166 1,326
Canadian Museum of Nature
Remaining payments 3,500 3,500 3,500 3,500 3,500 5,250 22,750
Imputed interest 1,754 1,574 1,373 1,152 184 6,037
Subtotal 1,746 1,926 2,127 2,348 3,316 5,250 16,713
Energy and Natural Resources
Department of Natural Resources
Remaining payments 4,372 4,372 4,372 4,372 4,372 24,555 46,415
Imputed interest 674 613 550 487 422 1,119 3,865
Subtotal 3,698 3,759 3,822 3,885 3,950 23,436 42,550
National Defence
Department of National Defence
Remaining payments 8,790 1,870 1,940 2,072 2,081 12,983 29,736
Imputed interest 616 414 380 341 300 897 2,948
Subtotal 8,174 1,456 1,560 1,731 1,781 12,086 26,788
Public Safety
Royal Canadian Mounted Police
Remaining payments 1,206 1,206 1,206 1,206 1,206 5,328 11,358
Imputed interest 471 429 385 338 289 611 2,523
Subtotal 735 777 821 868 917 4,717 8,835
Public Services and Procurement
Department of Public Works and Government Services
Remaining payments 227,221 213,608 209,226 209,521 205,249 923,606 1,988,431
Imputed interest 74,716 67,409 60,509 53,210 45,608 150,497 451,949
Subtotal 152,505 146,199 148,717 156,311 159,641 773,109 1,536,482
Shared Services Canada
Remaining payments 28,923 39,495 39,495 9,874 117,787
Imputed interest 444 1,005 447 24 1,920
Subtotal 28,479 38,490 39,048 9,850 115,867
Transport
Department of Transport
Remaining payments 80,890 69,884 70,940 72,011 73,099 162,097 528,921
Imputed interest 48,048 35,547 35,040 34,477 33,856 71,069 258,037
Subtotal 32,842 34,337 35,900 37,534 39,243 91,028 270,884
Other ministries
Remaining payments 1,315 1,301 2,616
Imputed interest 135 69 204
Subtotal 1,180 1,232 2,412
Total 234,287 233,241 237,227 217,836 214,214 1,051,184 2,187,989
Summary
Remaining payments 365,975 344,994 340,437 312,220 299,060 1,319,887 2,982,573
Imputed interest 131,688 111,753 103,210 94,384 84,846 268,703 794,584
Net obligation 234,287 233,241 237,227 217,836 214,214 1,051,184 2,187,989

Table 6.10 notes

Table note *

The dash means that the amount is 0 or is rounded to 0.

Return to table note * referrer in Table 6.10

Obligation under public-private partnerships

Under the government’s public-private partnerships, private sector partners provide partial or complete financing for the tangible capital assets built, acquired or bettered under the partnerships. Obligations under public-private partnerships represent the associated financial liabilities to private sector partners.

Table 6.11
Obligation under public-private partnershipsLinks to footnote * in Table 6.11
(in dollars)

  April 1, 2024 Net changes March 31, 2025
Bridges and related infrastructure
Housing, Infrastructure and Communities
Office of Infrastructure of Canada
Samuel De Champlain Bridge Corridor, Montréal 751,089,541 (negative 751,089,541)
Department of Housing, Infrastructure and Communities
Samuel De Champlain Bridge Corridor, Montréal 743,095,034 743,095,034
Windsor-Detroit Bridge Authority
Gordie Howe International Bridge, Windsor 671,193,000 (negative 13,819,000) 657,374,000
Total bridges and related infrastructure 1,422,282,541 (negative 21,813,507) 1,400,469,034
Buildings
National Defence
Communications Security Establishment
Edward Drake Building, Ottawa 767,816,803 (negative 15,770,512) 752,046,291
Canadian Heritage
Library and Archives of Canada
Preservation Storage Facility, Gatineau 129,429,890 (negative 2,835,856) 126,594,034
Public Services and Procurement
Department of Public Works and Government Services
Royal Canadian Mounted Police E Division building, Surrey 116,144,221 (negative 4,146,228) 111,997,993
Shared Services Canada
Enterprise Data Centre, Borden 105,685,292 (negative 4,052,474) 101,632,818
Total buildings 1,119,076,206 (negative 26,805,070) 1,092,271,136
Total 2,541,358,747 (negative 48,618,577) 2,492,740,170

Table 6.11 notes

Table note *

The dash means that the amount is 0 or is rounded to 0.

Return to table note * referrer in Table 6.11

Table 6.12
Payments under public-private partnerships
(in millions of dollars)

  Estimated payments
End of contract term Implicit contract rate % 2026 2027 2028 2029 2030 2031 and subsequent Total Less: imputed interest Obligation under public-private partnerships
Bridges and related infrastructure
Intergovernmental Affairs, Infrastructure and Communities
Department of Housing, Infrastructure and Communities 2049 5.59 50 50 50 50 50 1,044 1,294 551 743
Windsor-Detroit Bridge Authority 2055 3.24 35 35 35 35 35 829 1,004 347 657
Total bridges and related infrastructure     85 85 85 85 85 1,873 2,298 898 1,400
Buildings
National Defence
Communications Security Establishment 2044 7.96 76 76 76 76 76 1,095 1,475 723 752
Canadian Heritage
Library and Archives of Canada 2052 2.50 8 8 8 8 8 182 222 95 127
Public Services and Procurement
Department of Public Works and Government Services 2037 10.52 16 16 16 16 16 120 200 88 112
Shared Services Canada 2042 3.67 8 8 8 8 8 98 138 36 102
Total buildings     108 108 108 108 108 1,495 2,035 942 1,093
Total     193 193 193 193 193 3,368 4,333 1,840 2,493

Table 6.12 notes

General notes:

  • A blank cell means there is no available data.

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