Province's Debt History
Net Debt and Interest on Debt
| Fiscal Years 2009–10 to 2018–19 ($ Millions) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Current Outlook |
Actual | |||||||||
| 2018–19 | 2017–18 | 2016–17 | 2015–16 | 2014–15 | 2013–14 | 2012–13 | 2011–12 | 2010–11 | 2009–10 | |
| Net Debt | 346,060 | 323,834 | 314,077 | 306,357 | 294,557 | 276,169 | 259,947 | 241,912 | 217,754 | 193,589 |
| Interest on Debt | 12,543 | 11,903 | 11,709 | 11,589 | 11,221 | 11,155 | 10,878 | 10,587 | 10,005 | 9,119 |
Notes: Net Debt and IOD have been restated to include broader public sector, starting in 2005–06. Net Debt has been restated from 2001–02 for the adjustments resulting from the revised accounting treatment of jointly sponsored pension plans.
Source: Ontario Financing Authority.
Source: Ontario Financing Authority.
Net Debt-to-GDP
(Per Cent)
Note: Net Debt has been restated to include broader public sector net debt, starting in 2005–06.Net Debt has been restated from 2001–02 for the adjustments resulting from the revised accounting treatment of jointly sponsored pension plans.
Sources: Statistics Canada and Ontario Ministry of Finance.
Sources: Statistics Canada and Ontario Ministry of Finance.
Average Annual Ontario Borrowing Rates
(Per Cent)
*Projected average annual Ontario borrowing rate for 2018–19.
Source: Ontario Financing Authority.
Source: Ontario Financing Authority.
Province's Consolidated Debt Portfolio
$348.7 Billion outstanding
Foreign Currency Bonds:
- U.S. dollars
- Euros
- Swiss francs
- Australian dollars
- Pound Sterling
- Japanese yen
Canadian Dollar Non-Public Debt $11.4B (3%)
Canadian Dollar Treasury Bills $17.5B (5%)
Canadian Dollar Public Bonds $259.4B (74%)
U.S. Dollar Commercial Paper $3.9B (1%)
Foreign Currency Bonds $56.4B (16%)
As of March 31, 2018
Note: Numbers may not add due to rounding.
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, 2018, was $337.2 billion, or 97 per cent of total debt, issued in the following currencies:
| • $277.0 billion Canadian dollars | • $1.5 billion Australian dollars |
| • $41.6 billion U.S. dollars | • $0.9 billion Pound Sterling |
| • $13.6 billion Euros | • $0.5 billion Japanese yen |
| • $2.2 billion Swiss francs |
Note: Numbers may not add due to rounding.
Non-Public Debt
As of March 31, 2018, Ontario's non-public debt was $11.4 billion, or 3 per cent of total debt.
Non-public debt consists of debt instruments issued mainly to Canada Pension Plan Investment Board (CPPIB).
