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, 2022
Restated		 Receipts and other credits Payments and other charges March 31, 2023
Unmatured debtLink to table note 1
Payable in Canadian currency
Marketable bonds, Table 6.2 1,043,240,785,570 220,234,843,798 218,479,528,008 1,044,996,101,360
Treasury bills, Table 6.3 186,876,918,167 421,041,193,280 409,018,637,200 198,899,474,247
Subtotal 1,230,117,703,737 641,276,037,078 627,498,165,208 1,243,895,575,607
Payable in foreign currencies
Marketable bonds, Table 6.2 11,900,226,514 5,755,629,265 4,080,436,280 13,575,419,499
Canada bills, Table 6.4 2,572,756,501 19,422,404,750 19,536,279,387 2,458,881,864
Subtotal 14,472,983,015 25,178,034,015 23,616,715,667 16,034,301,363
Total—Market debt 1,244,590,686,752 666,454,071,093 651,114,880,875 1,259,929,876,970
Obligation related to capital leases, Table 6.8 2,785,411,036 41,983,213 281,625,137 2,545,769,112
Obligation under public-private partnerships 2,581,276,890 49,079,342 66,190,998 2,564,165,234
Total—Unmatured debt 1,249,957,374,678 666,545,133,648 651,462,697,010 1,265,039,811,316
Pensions, other future benefits and other liabilities
Public sector pensions, Table 6.11 167,665,765,654 23,155,836,701 24,396,044,626 166,425,557,729
Other employee and veteran future benefits, Table 6.24 159,705,267,000 26,677,929,000 8,434,296,000 177,948,900,000
Other liabilities
Canada Pension Plan Accounts, Table 6.25 101,265,756 4,662,910,805 4,458,450,374 305,726,187
Government Annuities Account 81,557,159 4,265,045 17,801,228 68,020,976
Deposit and trust accounts, Table 6.26 2,949,207,501 7,057,756,224 7,668,120,582 2,338,843,143
Other specified purpose accounts, Table 6.29 4,575,431,537 2,349,751,669 2,298,825,548 4,626,357,658
Total 7,707,461,953 14,074,683,743 14,443,197,732 7,338,947,964
Total—Pensions, other future benefits and other liabilities 335,078,494,607 63,908,449,444 47,273,538,358 351,713,405,693
Total 1,585,035,869,285 730,453,583,092 698,736,235,368 1,616,753,217,009

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