Province's Debt History

Net Debt and Interest on Debt

Fiscal Years 2009–10 to 2017–18 ($ Millions)
	Actual
	2017–18	2016–17	2015–16	2014–15	2013–14	2012–13	2011–12	2010–11	2009–10
Net Debt	323,834	314,077	306,357	294,557	276,169	252,823	236,230	214,511	193,589
Interest on Debt	11,903	11,709	11,589	11,221	11,155	10,878	10,587	10,005	9,119
Accumulated Deficit	209,023	205,939	203,014	196,665	184,835	167,132	158,410	144,573	130,957

Sources: Ontario Financing Authority.
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

(Per Cent)

Note: Net Debt has been restated to include broader public sector net debt, 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.
Sources: Statistics Canada and Ontario Ministry of Finance.

Interest on Debt-to-Revenue Ratio

(Per Cent)

Note: 2005–06 to 2017–18 have been restated for broader public sector line-by-line presentation.
Source: Ontario Financing Authority.

Notes:

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
Euros
Swiss francs
Australian dollars
Pound Sterling
Japanese yen

Canadian Dollar Non-Public Debt $11.4B (3%)

Canadian Dollar Treasury Bills $17.5B (5%)

Canadian Dollar Public Bonds $259.4B (74%)

U.S. Dollar Commercial Paper $3.9B (1%)

Foreign Currency Bonds $56.4B (16%)

As of March 31, 2018

Note: Numbers may not add due to rounding.

Publicly-held Debt

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