Province's Consolidated Debt Portfolio
$315.4 Billion outstanding
Foreign Currency Bonds:
- U.S. dollars
- Swiss francs
- Australian dollars
- Japanese yen
- Norwegian kroner
- Hong Kong dollars
- South African rand
As of September 30, 2015
The Province's publicly-held debt consists of funds borrowed from the general public and institutional investors.
Publicly held debt is $303.3 billion, or 96 per cent of total debt as at September 30, 2015, issued in the following currencies:
|• $245.7 billion Canadian dollars||• $0.5 billion Japanese yen|
|• $41.6 billion U.S. dollars||• $0.1 billion Norwegian kroner|
|• $11.8 billion Euros||• $0.1 billion Hong Kong dollars|
|• $2.1 billion Swiss francs||• $0.01 billion South African rand|
|• $1.3 billion Australian dollars|
As at September 30, 2015, Ontario's non-public debt is $12.1 billion, or 4 per cent of total debt.
Non-public debt consists of debt instruments issued mainly to Canada Pension Plan Investment Board (CPPIB).
Province's Debt History
Historical Net Debt to GDP were revised to reflect historical GDP released by Statistics Canada in November 2015.
Sources: Ontario Financing Authority and Ontario Ministry of Finance.
Net Debt and Interest on Debt
|Fiscal Years 2006-07 to 2015-16 - ($ Millions)|
|Interest on Debt||11,270||10,635||10,572||10,341||10,082||9,480||8,719||8,566||8,914||8,831|
- Net Debt represents the difference between total liabilities and total financial assets of the Province.
- All balances are expressed in Canadian dollars.