Province's Debt History
Net Debt and Interest on Debt
|Fiscal Years 2009-10 to 2017-18 ($ Millions)|
|Interest on Debt||11,581||11,709||11,589||11,221||11,155||10,878||10,587||10,005||9,119|
Notes: Numbers may not add due to rounding.
Numbers have been restated to be consistent with the change in provincial reporting policies reflected in the 2016-17 Public Accounts.
The impact of the Pension Adjustment from the 2015-16 Public Accounts has been reversed.
Net Debt-to-GDP and Accumulated Deficit-to-GDP
Historical Net Debt has been restated to be consistent with the change in provincial reporting policies reflected in the 2016-17 Public Accounts.
Sources: Ontario Ministry of Finance.
Interest on Debt-to-Revenue Ratio
Historical IOD and Revenue have been restated to be consistent with the change in provincial reporting policies reflected in the 2016-17 Public Accounts.
Source: Ontario Financing Authority.
- Net Debt represents the difference between total liabilities and total financial assets of the Province.
- All balances are expressed in Canadian dollars.
Province's Consolidated Debt Portfolio
$333.1 Billion outstanding
Foreign Currency Bonds:
- U.S. dollars
- Swiss francs
- Australian dollars
- Japanese yen
As of March 31, 2017
Note: Numbers may not add due to rounding.
The Province's publicly-held debt consists of funds borrowed from the general public and institutional investors.
Publicly held debt as of March 31, 2017, is $321.4 billion, or 97 per cent of total debt, issued in the following currencies:
|• $265.9 billion Canadian dollars||• $1.6 billion Swiss francs|
|• $40.1 billion U.S. dollars||• $1.4 billion Australian dollars|
|• $11.9 billion Euros||• $0.5 billion Japanese yen|
As of March 31, 2017, Ontario's non-public debt is $11.7 billion, or 4 per cent of total debt.
Non-public debt consists of debt instruments issued mainly to Canada Pension Plan Investment Board (CPPIB).