Ministry of Finance - Vote 746

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The Expenditure Estimates are available in PDF and HTML versions. The PDF version is a format reflecting the true printed version. The HTML version is an accessible format.

TREASURY PROGRAM - VOTE Statutory Appropriations

This program is responsible for the development, direction, operation and formulation of policies for the management of the Province’s cash, investment, debt, finance, credit rating, investor relations, banking and related financial administration activities; reporting of the financial position of the Province to investors and the public to facilitate borrowing activities; liaising with Crown Corporations and agencies regarding financing activities including the provision of guarantees by Ontario of loans to its Crown Corporations and agencies; and acting as the custodian and fiscal agent for the securities of the Province and certain of its agencies including Ontario Electricity Financial Corporation (OEFC). It is also responsible for the issuance of Ontario Savings Bonds.

TREASURY PROGRAM S - Summary

VOTE and item Accrual 2003-04 Estimates PROGRAM AND ACTIVITIES Cash 2002-03 Estimates Cash 2001-02 Actual
  $   $ $
S   TREASURY PROGRAM    
         
OPERATING        
S 8,708,000,000 Interest on Debt for Provincial Purposes13 9,156,000,000 9,030,002,123
  8,708,000,000 Total Operating 9,156,000,000 9,030,002,123
Assets        
S 1,000,000,000 Ontario Municipal Economic Infrastructure Financing Authority, the Ontario Municipal Economic Infrastructure Financing Authority Act, 2002 - -
  1,000,000,000 Total Assets - -
CAPITAL        
S 2,000,000 Stadium Corporation of Ontario Limited, the Financial Administration Act 16,300,000 8,502,096
  2,000,000 Total Capital 16,300,000 8,502,096

NOTE: Commencing in 2003-04, Estimates are presented on the accrual basis of accounting. Information for 2002-03 and earlier years is presented on the modified cash basis, and therefore comparison between 2003-04 and earlier year figures may not be meaningful. Differences between cash and accrual relate to adjustments such as timing of transfer payments and provisions for bad debts, that would increase or decrease the 2002-03 amounts had they been presented on the accrual basis.

Adjustments for this Ministry, if any, are indicated by superscripted references above and are explained on the page following the Ministry Summary - Reconciliation of 2002-03 Estimates from Cash to Accrual.

TREASURY PROGRAM - Standard Accounts Classification

OPERATING    
Statutory Appropriations Interest on Debt for Provincial Purposes  
$
Interest on Ontario Securities
$
 
For general purposes 5,692,080,000  
Canada Pension Plan Investment Fund 648,696,000  
Ontario Teachers’ Pension Plan 1,187,282,000  
Public Service Pension Plan 374,434,000  
Ontario Public Service Employees Union Pension Plan 177,877,000  
Ontario Municipal Employees Retirement Fund 21,668,000  
Ontario Housing Corporation 102,149,000  
Canada Mortgage and Housing Corporation 18,909,000  
Ryerson Retirement Pension Plan 621,000  
Colleges of Applied Arts and Technology 3,544,000  
Ontario Immigrant Investor Corporation 2,181,000  
    8,229,441,000
Other interest, exchange, discount and commission   68,388,000
    8,297,829,000
Less: Interest on Investments   144,917,000
    8,152,912,000
Other agencies interest revenue/expenditure adjustments   35,088,000
Interest on Debt Payable to Ontario Electricity Financial Corporation   520,000,000
    8,708,000,000
Total Operating for Treasury Program
  8,708,000,000
     
Assets    
Statutory Appropriations    
Ontario Municipal Economic Infrastructure Financing Authority, the Ontario Municipal Economic Infrastructure Financing Authority Act, 2002    
Loans and Investments    
Ontario Municipal Economic Infrastructure Financing Authority, the Ontario Municipal Economic Infrastructure Financing Authority Act, 2002   1,000,000,000
    1,000,000,000
Total Assets for Treasury Program   1,000,000,000
     
CAPITAL    
Statutory Appropriations    
Stadium Corporation of Ontario Limited, the Financial Administration Act    
Other transactions    
Stadium Corporation of Ontario Limited, the Financial Administration Act   2,000,000
    2,000,000
Total Capital for Treasury Program   2,000,000