Investor Presentaiton
Ontario's Borrowing Outlook
2020-21
Medium-Term Outlook
($ Billions)
Change from
2020 Budget
2020 Budget
Interim¹
2020-21
2021-22
2022-23
2023-24
Deficit/(Surplus)
38.5
38.5
33.1
27.7
20.2
Investment in Capital Assets
10.6
1.4
11.9
11.8
12.5
11.9
Non-Cash Adjustments
(9.2)
(9.2)
(9.5)
(9.5)
(9.5)
Loans to Infrastructure Ontario
0.2
(0.2)
0.0
Other Net Loans/Investments
0.6
(0.7)
(0.1)
1.3
0.1
(1.0)
Debt Maturities/ Redemptions
26.7
-
26.7
25.0
30.5
33.6
Total Funding Requirement
67.0
0.7
67.7
61.9
61.1
55.2
Decrease/(Increase) in Short-Term Borrowing
(5.7)
4.7
(1.0)
(6.0)
(2.0)
Increase/(Decrease) in Cash and Cash
(1.4)
(4.0)
(5.4)
4.0
Equivalents
Pre-borrowing in 2019-20
(7.6)
(7.6)
Pre-borrowing for 2021-22
-
5.2
5.2
(5.2)
Total Long-Term Public Borrowing
52.3
6.7
59.0
54.7
59.1
55.2
1 Interim represents the 2021 Budget projection for the 2020-21 fiscal year.
Note: Numbers may not add due to rounding.
Source: Ontario Financing Authority.
Ontario
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