I was talking about an increase for one year. The debt is not renewable each year. Part of the debt is short-term, renewable quarterly, semiannually or within a year, but there is also a part of the debt spread out over 15 years, or even 20 years.
Assistant Deputy Minister, Economic and Fiscal Policy Branch, Department of Finance
I was talking about an increase for one year. The debt is not renewable each year. Part of the debt is short-term, renewable quarterly, semiannually or within a year, but there is also a part of the debt spread out over 15 years, or even 20 years.
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