Province's Debt History

Net Debt and Interest-on-Debt

	Fiscal Years 2012–13 to 2024–25 ($ Millions)
	Actuals									Interim^[1]	Medium-Term Outlook
	2012–13	2013–14	2014–15	2015–16	2016–17	2017–18	2018–19	2019–20	2020–21	2021–22	2022–23	2023–24	2024–25
Net-Debt-to-GDP	38.2%	39.7%	40.5%	40.3%	39.7%	39.3%	39.4%	39.6%	43.1%	40.7%	41.4%	41.4%	41.3%
Net-Debt-to-Revenue	216.0%	224.6%	233.5%	225.0%	223.2%	215.0%	220.2%	226.4%	226.5%	227.5%	238.4%	239.3%	238.1%
IOD-to-Revenue	9.0%	9.1%	8.9%	8.5%	8.3%	7.9%	8.1%	8.0%	7.4%	7.5%	7.5%	7.6%	7.5%
Debt Maturities-to-Net Debt	6.4%	9.0%	7.6%	7.1%	6.8%	5.5%	6.5%	7.8%	7.1%	6.3%	7.1%	6.9%	5.9%

Net Debt-to-GDP

Sources: Public Accounts of Ontario (1990–1991 to 2020–2021) and Ontario Ministry of Finance.

Accessible description of chart: Net Debt-to-GDP

Net Debt-to-Revenue

Sources: Public Accounts of Ontario (1990–1991 to 2020–2021) and Ontario Ministry of Finance.

Accessible description of chart: Net Debt-to-Revenue

IOD-to-Revenue

Sources: Public Accounts of Ontario (1990–1991 to 2020–2021) and Ontario Ministry of Finance.

Accessible description of chart: IOD-to-Revenue

Debt Maturities-to-Net Debt

Sources: Public Accounts of Ontario (1990–1991 to 2020–2021) and Ontario Ministry of Finance.

Accessible description of chart: Debt Maturities-to-Net Debt

Province's Consolidated Debt Portfolio

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, 2022, is $418.7 billion, or 98 per cent of total debt, issued in the following currencies:

• $351.0 billion Canadian dollars	• $4.7 billion Pound Sterling
• $43.8 billion U.S. dollars	• $1.5 billion Australian dollars
• $16.8 billion Euros	• $0.9 billion Swiss francs

Note: Publicly-held debt includes the offsetting of $6.2 billion in Ontario bonds and treasury bills purchased and held by the Province against Canadian dollar debt. Numbers may not add due to rounding.