Investor Presentaiton
Ontario's Borrowing Outlook
($ Billions)
Current
Outlook
Medium-Term Outlook
2023 Budget
In-Year
Change
2023-24
2024-25
2025-26
Deficit/(Surplus)
1.3
4.3
5.6
5.3
(0.5)
Investment in Capital Assets
13.6
0.0
13.6
18.7
19.0
Non-Cash and Cash Timing Adjustments
(9.2)
7.9
(1.3)
(11.2)
(12.0)
Loans to Infrastructure Ontario
0.1
I
0.1
0.1
0.2
Other Net Loans/Investments
0.1
(0.0)
0.1
(1.0)
(0.2)
Debt Maturities/Redemptions
31.2
(0.0)
31.2
28.0
33.1
Total Funding Requirement
37.0
12.2
49.2
39.9
39.5
Decrease/(Increase) in Short-Term
(2.5)
(2.5)
Borrowing
Increase/(Decrease) in Cash and Cash
Equivalents
5.0
(5.0)
I
Pre-borrowing in 2022-23 for 2023-24
(14.5)
(14.5)
Total Long-Term Public Borrowing
27.5
7.2
34.7
37.4
37.0
Ontario
Note: Numbers may not add due to rounding.
Source: Ontario Financing Authority.
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