Report
The Borrowing Authority Act and Measures of Federal Debt
Apr 23, 2018
PDF 🗎
Recent changes to the Financial Administration Act require the Government of Canada to seek parliamentary approval to borrow in debt markets. The Government has done so with the Borrowing Authority Act, which came into force on 23 November 2017.
This report was prepared to address two areas of confusion that have arisen in committees and debates following Budget 2018:
How was this new debt aggregate calculated? How should it be used to scrutinize government borrowing?