Province's Consolidated Debt Portfolio
$332.4 Billion outstanding
Foreign Currency Bonds:
- U.S. dollars
- Swiss francs
- Australian dollars
- Japanese yen
Projected to March 31, 2017
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, 2017, is $320.8 billion, or 97 per cent of total debt, issued in the following currencies:
|• $265.8 billion Canadian dollars||• $1.6 billion Swiss francs|
|• $39.5 billion U.S. dollars||• $1.4 billion Australian dollars|
|• $11.9 billion Euros||• $0.5 billion Japanese yen|
As of March 31, 2017, Ontario's non-public debt is $11.6 billion, or 4 per cent of total debt.
Non-public debt consists of debt instruments issued mainly to Canada Pension Plan Investment Board (CPPIB).
Province's Debt History
Net Debt-to-GDP and Accumulated Deficit-to-GDP
Sources: Ontario Ministry of Finance.
Interest on Debt-to-Revenue Ratio
Source: Ontario Financing Authority.
Net Debt and Interest on Debt
|Fiscal Years 2008-09 to 2017-18 ($ Millions)|
|Interest on Debt||11,581||11,250||10,967||10,635||10,572||10,341||10,082||9,480||8,719||8,566|
Notes: Numbers may not add due to rounding.
The impact of the Pension Adjustment from the 2015-16 Public Accounts has been reversed.
- Net Debt represents the difference between total liabilities and total financial assets of the Province.
- All balances are expressed in Canadian dollars.