Province's Debt History
Net Debt and Interest on Debt
|Fiscal Years 2009–10 to 2017–18 ($ Millions)|
|Interest on Debt||11,903||11,709||11,589||11,221||11,155||10,878||10,587||10,005||9,119|
Notes: Net Debt and IOD have been restated to include broader public sector, starting in 2005–06. Net Debt and Accumulated Deficit have been restated retroactively from 2013–14 for the adjustments resulting from the revised accounting treatment of jointly sponsored pension plans.
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 represents the difference between total liabilities and total financial assets of the Province.
- All balances are expressed in Canadian dollars.
Province's Consolidated Debt Portfolio
$348.7 Billion outstanding
Foreign Currency Bonds:
- U.S. dollars
- Swiss francs
- Australian dollars
- Pound Sterling
- Japanese yen
As of March 31, 2018
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, 2018, was $337.2 billion, or 97 per cent of total debt, issued in the following currencies:
|• $277.0 billion Canadian dollars||• $1.5 billion Australian dollars|
|• $41.6 billion U.S. dollars||• $0.9 billion Pound Sterling|
|• $13.6 billion Euros||• $0.5 billion Japanese yen|
|• $2.2 billion Swiss francs|
As of March 31, 2018, Ontario's non-public debt was $11.4 billion, or 3 per cent of total debt.
Non-public debt consists of debt instruments issued mainly to Canada Pension Plan Investment Board (CPPIB).