Province's Consolidated Debt Portfolio
$327.4 Billion outstanding
Foreign Currency Bonds:
- U.S. dollars
- Swiss francs
- Australian dollars
- Japanese yen
- South African rand
As of March 31, 2016
Note: Numbers may not add due to rounding.
The Province's publicly-held debt consists of funds borrowed from the general public and institutional investors.
Publicly held debt as of March 31, 2016, is $315.4 billion, or 96 per cent of total debt, issued in the following currencies:
|• $254.0 billion Canadian dollars||• $1.4 billion Australian dollars|
|• $45.4 billion U.S. dollars||• $0.5 billion Japanese yen|
|• $12.3 billion Euros||• $0.01 billion South African rand|
|• $1.9 billion Swiss francs|
As of March 31, 2016, Ontario's non-public debt is $12.0 billion, or 4 per cent of total debt.
Non-public debt consists of debt instruments issued mainly to Canada Pension Plan Investment Board (CPPIB).
Province's Debt History
Net Debt-to-GDP and Accumulated Deficit-to-GDP
Sources: Statistics Canada and Ontario Ministry of Finance.
Interest on Debt-to-Revenue Ratio
Source: Ontario Financing Authority.
Net Debt and Interest on Debt
|Fiscal Years 2008-09 to 2018-19 ($ Millions)|
|Medium-Term Outlook||Current Outlook||Actual|
|Interest on Debt||12,400||11,700||11,375||10,967||10,635||10,572||10,341||10,082||9,480||8,719||8,566|
Notes: Numbers may not add due to rounding.
2015–16 actual results reflect the accounting treatment adopted in the Public Accounts of Ontario 2015–2016 including the Pension Adjustment related to net pension assets. Outlook for 2016–17 to 2018–19 also reflects this Pension Adjustment.
- Net Debt represents the difference between total liabilities and total financial assets of the Province.
- All balances are expressed in Canadian dollars.