Ontario's Borrowing Program
Ontario's 2026–27 Borrowing Program and Medium-Term Outlook
| ($ Billions) | 2026 Budget | In-Year Change | Current Outlook | Medium-Term Outlook | |
|---|---|---|---|---|---|
| 2026–27 | 2027–28 | 2028–29 | |||
| Deficit/(Surplus) | 13.8 | 3.1 | 16.9 | 12.7 | 6.7 |
| Provincial Investment in Capital Assets | 28.0 | – | 28.0 | 28.0 | 22.4 |
| Amortization of Capital Assets | (10.2) | – | (10.2) | (10.5) | (11.4) |
| Non-Cash and Cash Timing Adjustments | (2.5) | (0.7) | (3.2) | (4.3) | (4.8) |
| Net Loans and Investments | 5.2 | 0.5 | 5.7 | 5.5 | 4.8 |
| Debt Maturities/Redemptions | 26.9 | – | 26.9 | 27.5 | 30.7 |
| Total Funding Requirement | 61.2 | 2.9 | 64.1 | 59.0 | 48.4 |
| Decrease/(Increase) in Short-Term-Borrowing | (6.0) | (2.0) | (8.0) | (6.0) | – |
| Increase/(Decrease) in Year-End Cash and Cash Equivalents | (8.0) | 3.0 | (5.0) | (5.0) | (3.0) |
| Total Long-Term Public Borrowing | 47.2 | 3.9 | 51.1 | 48.0 | 45.4 |
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2026–27 Borrowing Program Status
As of .
Note: Numbers may not add due to rounding.
Domestic and International Borrowing
As of
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Accessible description of chart: Domestic and International Borrowing
Short-Term Borrowing Capacity
| ($ Billions) | C$ T-Bill Program | U.S.$ Commercial Paper Program | Euro-Commercial Paper Programme | Total |
|---|---|---|---|---|
| Currency | Canadian Dollars | U.S. Dollars | Multi-Currency** | – |
| Maturity | 1 day-3 years* | 1-270 day(s) | 1-364 day(s) | – |
| Authorized | C$46.0 | C$22.5 (U.S.$16.0) | C$6.0 | C$74.5 |
| Outstanding | C$23.7 | C$11.8 (U.S.$8.4) | C$3.5 | C$39.0 |
| Available | C$22.3 | C$10.7 (U.S.$7.6) | C$2.5 | C$35.5 |
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*Regular issuance of 3M, 6M and 1Y T-Bills
As of October 23, 2026.
** Current eligible currencies include EUR, GBP, USD, CHF, and CAD with plans to include AUD and JPY in the future.
Note: Numbers may not add due to rounding.