More or less, if we take the interest rate in effect on the debt, which is about 5.5%, a reduction in the debt of some $8 billion represents a permanent saving of slightly more than $400 million a year.
Assistant Deputy Minister, Economic and Fiscal Policy Branch, Department of Finance
More or less, if we take the interest rate in effect on the debt, which is about 5.5%, a reduction in the debt of some $8 billion represents a permanent saving of slightly more than $400 million a year.
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