Ontario Debt
The Ontario government debt consists of the liabilities of the Government of Ontario. Approximately 82% of Ontario's debt is in the form of debt securities (bonds, Treasury bills), while other liabilities include government employee pension plan obligations, loans, and accounts payable. ThOntario Financing Authority which manages the provinces' debt, says that as of March 31, 2020 (for the 2019-20 fiscal year), the Ontario government's net debt is CDN $353.3 billion. Net debt is projected to rise to $398 billion in 2020-21. The Debt-to-GDP ratio for 2019-2020 was 39.7%, and is projected to rise to 47.1% in 2020-21. Interest on the debt in 2019-20 was CDN$12.5 billion, representing 8.0% of Ontario's revenue and its fourth-largest spending area. Debt breakdown As of March 31, 2018 the breakdown of Ontario's debt is as follows: * Canadian Dollar Public Bonds: $259.4B (74%) * Foreign Currency Bonds: $56.4B (16%) * Canadian Dollar Treasury Bills: $18.9B (5%) * Canadian Dollar N ...
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Government Of Ontario
The government of Ontario (french: Gouvernement de l'Ontario) is the body responsible for the administration of the Canadian province of Ontario. A constitutional monarchy, the Crown—represented in the province by the lieutenant governor—is the corporation sole, assuming distinct roles: the executive, as the ''Crown-in-Council''; the legislature, as the ''Crown-in-Parliament''; and the courts, as the ''Crown-on-the-Bench''. The functions of the government are exercised on behalf of three institutions—the Executive Council; the Provincial Parliament (Legislative Assembly); and the judiciary, respectively. Its powers and structure are partly set out in the ''Constitution Act, 1867''. The term ''Government of Ontario'' refers specifically to the executive—political ministers of the Crown (the Cabinet/Executive Council), appointed on the advice of the premier, and the non-partisan Ontario Public Service (whom the Executive Council directs), who staff ministries and age ...
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