Ontario's Borrowing Program

	2019 Budget	In-Year Change	Interim Adjusted to March 31, 2020¹	Plan
($ Billions)	2019–20	2019–20	2019–20	2020–21
Deficit/(Surplus)	10.3	(1.1)	9.2	20.5
Investment in Capital Assets	11.6	0.0	11.6	10.4
Non-Cash Adjustments	(7.7)	0.7	(7.0)	(9.2)
Loans to Infrastructure Ontario	0.2	(0.0)	0.2	0.3
Other Net Loans/Investments	0.7	(0.3)	0.3	1.2
Debt Maturities/Redemptions	27.5	(0.1)	27.4	26.6
Total Funding Requirement	42.5	(0.8)	41.7	49.7
Decrease/(Increase) in Short-Term-Borrowing	(1.2)	(1.8)	(3.0)	(2.0)
Increase/(Decrease) in Cash and Cash Equivalents²	(5.3)	(1.5)	(6.8)	–
Pre-borrowing in 2019–20	–	7.6	7.6	(7.6)
Total Long-Term Public Borrowing	36.0	3.5	39.5	40.1

¹ Pre-borrowing in 2019–20 was projected at $4.1 billion, and the total long-term public borrowing was $36.0 billion in 2019–20 and $43.6 billion in 2020–21 at the time of the March 2020 Economic and Fiscal Update. These amounts have been updated to reflect long-term borrowing completed to March 31, 2020.
² Excludes 2019–20 pre-borrowing.
Note: Numbers may not add due to rounding.

2020–21 Borrowing Program Status

Borrowed as of	$1.6B

2019–20 Borrowing Program Status

Borrowed as of 03/31/2020:	$39.5B

Australian Dollar Bonds $0.3B

Green Bonds $1.3B

Canadian Dollar Syndicated Bonds $26.7B

U.S. Dollar Bonds $10.3B

Canadian Dollar Bond Auction $1.0B

Note: Numbers may not add due to rounding.

Domestic and International Borrowing

As of

Notes: Pre-borrowing in 2019–20 was projected at $4.1 billion, and the total long-term public borrowing was $36.0 billion in 2019–20 and $43.6 billion in 2020–21 at the time of the March 2020 Economic and Fiscal Update. These amounts have been updated to reflect long-term borrowing completed to March 31, 2020.
Numbers may not add due to rounding.

Ontario's Borrowing Program