Mr. Speaker, the most recent projections for Government of Canada debt charges can be found in the fall economic statement 2020, which was released on November 30, 2020 and is available at the following link: https://www.budget.gc.ca/fes-eea/2020/home-accueil-en.html. Specifically, the projection for interest paid on the federal debt for the current year and the following five years can be found in table A1.5 on page 126, in the row labelled “Public debt charges”.
These public debt charge projections have been calculated using interest rate projections provided by private sector forecasters through a survey conducted in September 2020. Further details and the results of the September survey can be found on pages 119-121 of the fall economic statement 2020, including the private sector projection of the Government of Canada three-month treasury bill and the 10-year bond rates, which are projected to rise by 100 and 130 basis points, respectively, over the five-year forecast horizon. An update of the government’s public debt charge projections will be provided in budget 2021.