Higher Surplus = Paying Debt = Even Higher Surplus

As a result of the decision to put the $13.2b surplus to debt, the Canadian taxpayer gets a windfall of $529,320,000 this year. This is based on the current long-term Government of Canada bond rate of 4.01%, and that's the interest we would have paid over the next year if we had spent the $13.2b...which means next year we will have a $13.7b surplus, and save another $550m in interest...