Canada’s New Government Reduces Debt Burden to Lowest Level in Quarter Century
The following News Release or Speech has just been posted on the Finance Canada Site …
Canada’s New Government Reduces Debt Burden to Lowest Level in Quarter Century
The Honourable Jim Flaherty, Minister of Finance, today tabled in Parliament the Debt Management Report for 2005–06, which reports that Canada’s New Government has eliminated $13.2 billion in federal debt.
“This achievement will yield interest savings of approximately $650 million each and every year,†said Minister Flaherty. “That’s money that can be used to provide priority programs or further reduce the tax burden on Canadian families and businesses.â€


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