Ontario's Borrowing Program
Ontario's Borrowing Program
| ($ Billions) | 2019–20 | 2020–21 | Medium-Term Outlook | ||||
|---|---|---|---|---|---|---|---|
| March 2020 Update | First Quarter Finances | Change from First Quarter Finances | Current Outlook1 | 2021–22 | 2022–23 | ||
| Deficit/(Surplus) | 8.7 | 20.5 | 38.5 | – | 38.5 | 33.1 | 28.2 |
| Investment in Capital Assets | 9.7 | 10.4 | 10.4 | 0.2 | 10.6 | 11.5 | 12.0 |
| Non-Cash Adjustments | (6.0) | (9.2) | (9.2) | – | (9.2) | (8.8) | (8.9) |
| Loans to Infrastructure Ontario | 0.2 | 0.3 | – | – | – | 0.1 | (0.4) |
| Other Net Loans/Investments | 0.3 | 1.2 | 0.5 | 0.1 | 0.6 | (0.5) | (0.3) |
| Debt Maturities/Redemptions | 27.4 | 26.6 | 26.6 | 0.1 | 26.7 | 25.1 | 30.6 |
| Total Funding Requirement | 40.3 | 49.7 | 66.7 | 0.4 | 67.0 | 60.6 | 61.3 |
| Decrease/(Increase) in Short-Term-Borrowing | (3.0) | (2.0) | (7.0) | 1.3 | (5.7) | (2.0) | (2.0) |
| Increase/(Decrease) in Cash and Cash Equivalents | (5.4) | – | – | (1.4) | (1.4) | – | – |
| Pre-borrowing in 2019–20 | 7.6 | (4.1) | (7.6) | – | (7.6) | – | – |
| Total Long-Term Public Borrowing | 39.5 | 43.6 | 52.1 | 0.2 | 52.3 | 58.6 | 59.3 |
1 For the purposes of the legislated requirements for a budget and mid-year
review in the Fiscal Sustainability, Transparency, and Accountability Act, 2019, the 2020–21 current outlook represents the plan year of
the Budget as well as the current fiscal year of the mid-year review.
Note: Numbers may not add due to rounding.
Source: Ontario Financing Authority.
2020–21 Borrowing Program Status
| Total Long-Term Public Borrowing: | $52.3B |
|---|---|
| Borrowed as of | $41.1 |
Euro Bonds $5.5B
Pound Sterling Bonds
$1.7B
$1.7B
U.S. Dollar Bonds $4.1B
Canadian Dollar Syndicated Bonds $28.2B
Green Bond $1.6B
Note: Numbers may not add due to rounding.
Green Bond proceeds were $1.6 billion from a re-opening of an issue maturing in February 2027, with a $1.5 billion face value, a coupon of 1.85 per cent, and priced at 105.8.
Domestic and International Borrowing
As of
Note: Numbers may not add due to rounding.
Accessible description of chart: Domestic and International Borrowing
