Ontario’s 2003-04 long-term public borrowing program of $25.4 billion was completed in a sound and cost-effective manner. Total savings from borrowing, money market and debt management activities were $129 million.

The OFA established three investment funds totaling $4.9 billion. These funds are jointly managed by the OFA (on behalf of the Province) and Ontario Power Generation (OPG) for the disposition of nuclear waste and used fuel and the decommissioning of nuclear power stations.

The OFA assisted the Royal Ontario Museum (ROM) in acquiring up to $63.5 million in financing for the Renaissance ROM project by providing advice and assisting in negotiations with lenders. It is estimated that the joint efforts of the ROM and the OFA saved approximately $3.9 million in financing costs on a present-value basis.

The 2003 Ontario Savings Bond (OSB) campaign raised $3.8 billion.