Province's Consolidated Debt Portfolio
$325.3 Billion outstanding
Foreign Currency Bonds:
- U.S. dollars
- Swiss francs
- Australian dollars
- Japanese yen
- South African rand
Projected to 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 projected to be $313.4 billion, or 96 per cent of total debt, issued in the following currencies:
|• $252.5 billion Canadian dollars||• $1.4 billion Australian dollars|
|• $45.0 billion U.S. dollars||• $0.5 billion Japanese yen|
|• $12.1 billion Euros||• $0.01 billion South African rand|
|• $1.9 billion Swiss francs|
As of March 31, 2016, Ontario's non-public debt is projected to be $11.9 billion, or 4 per cent of total debt.
Non-public debt consists of debt instruments issued mainly to Canada Pension Plan Investment Board (CPPIB).
Province's Debt History
Net Debt-to-GDP and Accumulated Deficit-to-GDP
Historical Net Debt to GDP were revised to reflect historical GDP released by Statistics Canada in November 2015.
Sources: Ontario Financing Authority and Ontario Ministry of Finance.
Interest on Debt-to-Revenue Ratio
Net Debt and Interest on Debt
|Fiscal Years 2007-08 to 2016-17 - ($ Millions)|
|Interest on Debt||11,756||11,200||10,635||10,572||10,341||10,082||9,480||8,719||8,566||8,914|
- Net Debt represents the difference between total liabilities and total financial assets of the Province.
- All balances are expressed in Canadian dollars.