$348.9 billion Canadian dollars.
Publicly-held Debt
| • $348.9 billion Canadian dollars | • $4.7 billion Pound Sterling |
|---|---|
| • $44.9 billion U.S. dollars | • $1.5 billion Australian dollars |
| • $16.8 billion Euros | • $0.9 billion Swiss francs |
Does Ontario have the highest debt?
Interest on the debt in 2019-20 was CDN$12.5 billion, representing 8.0% of Ontario’s revenue and its fourth-largest spending area.
Ontario government debt.
| Fiscal Year | Net Debt (CDN$ billions) | Deficit (-) or Surplus (CDN$ billions) |
|---|---|---|
| 2020-21 | 373.6 | -16.4 |
| 2019-20 | 353.3 | -8.7 |
| 2018-19 | 338.5 | -7.4 |
| 2017-18 | 323.8 | -3.7 |
What is Ontario’s debt 2022?
Ontario’s government debt actually increased last year by $6.8 billion. Ontario’s net debt increased from $373.6 billion in 2020/21 to $380.4 billion in 2021/22.
Has Ontario ever had a balanced budget?
Ontario posted its first budget surplus in 14 years as inflation and resilience in the economy bolstered revenue above projections in fiscal 2021-2022. The world’s largest sub-sovereign debt issuer reached a C$2.1 billion ($1.6 billion) surplus in the year ended March 31, 2022.
Is Ontario in deficit?
Ontario is projecting a $12.9 billion deficit for 2022-23, according to the fall economic statement released Monday. This shortfall is about $7 billion less than what was projected in the 2022 budget and includes a number of affordability pledges meant to save drivers, small business owners, and seniors money.
Who has more debt Canada or USA?
According to The Econ- omist magazine, Canada’s to- tal national debt stands at more than US $1.1 trillion or $32,506 per capita. To put that in perspective, Canada’s na- tional debt per capita is $3,813 worse than the United States and only $2,896 better than in- solvent Greece.
What province is in the most debt?
Consolidated PTLG gross debt is 58.2% measured as a percentage of GDP, almost as large as the federal government’s 62.5%. The value of provincial outstanding debt securities liabilities expressed as a percentage of GDP was lowest for British Columbia (26.1%) and highest for Manitoba (71.4%) in 2021.
Who owns Canada’s national debt?
Overall, about 76 per cent of Government of Canada market debt was held by Canadian investors, such as insurance companies and pension funds, and financial institutions and governments.
What is Japan’s debt 2022?
approximately 9.2 trillion US Dollars
As of September 2022, the Japanese public debt is estimated to be approximately 9.2 trillion US Dollars (1.28 quadrillion yen), or 266% of GDP, and is the highest of any developed nation. 43.3% of this debt is held by the Bank of Japan.
Is the US still in debt 2022?
U.S. publicly held debt 2021-2022, by month. In November 2022, the public debt of the United States was around 31.238 trillion U.S. dollars, around 2.3 trillion more than a year earlier, when it was around 28.9 trillion U.S. dollars.
What does Ontario spend most of its money on?
Ontario’s top expenses
- Health sector. $63.5 billion.
- Education sector. $41.2 billion.
- Children and social services sector. $16.7 billion.
- Interest on debt. $13.3 billion.
What drives the economy in Ontario?
Services industry. Although Ontario is a manufacturing powerhouse, the services sector is the largest part of Ontario’s economy. It employs 79% (or 5.3 million people) of the province and makes up 76.9% of the province’s economy.
Where does Ontario tax money go?
These transfers help fund health care, post-secondary education and other programs for Canadians.
Is Ontario rich or poor?
Ontario is also the nation’s wealthiest province, having a substantial share of the country’s natural resources and its most mature and diversified industrial economy. It is at once Canada’s economic pacemaker and a major force in national politics.
Is Ontario losing farmland?
Urbanization is one of the main culprits, as new subdivisions with low density rates are built on farmland every day throughout the province. Learn more about the impact of soil sealing in our blog about it here. The loss of our farmland will have negative impacts on both people and the planet.
How much money does Ontario government have?
Total revenues are $ 185.1 billion, which are $ 20.2 billion or 12.
Is Canada a wealthy country?
Canada is a highly developed nation with one of the largest economies in the world, impacting much of global trade. Its largest industries are real estate, mining, and manufacturing, and it is home to some of the largest mining companies in the world.
Does debt ever go away Canada?
It is a common misconception that debts are eliminated, erased, or written off after a certain period of time. In Canada, you technically still owe your debts even after creditors stop calling and the debts are removed from your credit report.
Why is Canada so in debt?
In fact, about three-quarters of Canadian household debt now is due to mortgages. In recent months, inflation has further tightened Canadians’ margins, raising the price of everyday essentials.
How much is Russia’s debt?
In the latest reports, Russia National Government Debt reached 339.3 USD bn in Sep 2022. The country’s Nominal GDP reached 520.9 USD bn in Jun 2022.
Buy Selected Data.
| country/region | Last |
|---|---|
| Government Debt: % of GDP (%) | 13.8 Jun 2022 |
| Forecast: Government Expenditure (RUB bn) | 63,828.989 2027 |
How much is China’s debt?
China: National debt from 2017 to 2027 (in billion U.S. dollars)
| Characteristic | National debt in billion U.S. dollars |
|---|---|
| 2020 | 9,682.21 |
| 2019 | 7,866.02 |
| 2018 | 6,839.24 |
| 2017 | 5,948.23 |