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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. 11
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