Ministry of Finance - THE ESTIMATES, 2006-07

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Ministry of Finance - THE ESTIMATES, 2006-07 - Summary

The Ontario Ministry of Finance manages the economic, fiscal, and financial policies of the Government of Ontario. To do this, the ministry develops economic and fiscal strategies, plans and manages government operating and capital expenditures, develops tax policies and administers the provincial tax system, produces the provincial budget, and supports the Treasury Board/Management Board of Cabinet. The ministry also manages the Consolidated Revenue Fund, including raising money, establishing the government's financial controls, and reports on financial matters. In addition, it manages the government's Internal Audit function, develops policies for Ontario's financial services sector and supports the regulation of institutions and intermediaries carrying on business in the province.

MINISTRY PROGRAM SUMMARY
($)
VOTE PROGRAM

Estimates
2006-07

Estimates
2005-06

Difference
Between
2006-07
and
2005-06

Actual
2004-05

  OPERATING EXPENSE        
1201   Ministry Administration Program 139,502,900 120,526,000 18,976,900 86,659,026
1202   Tax Policy, Budget and Revenue Operations Program 534,985,200 520,652,700 14,332,500 473,942,224
1203   Economic, Fiscal, and Financial Policy Program 1,857,380,800 1,478,681,000 378,699,800 954,533,339
1204   Financial Services Industry Regulation Program 501,000 501,000 - 44,100,944
1206   Central Agencies Information and Information Technology Cluster Program 1,000 831,000 (830,000) 828,403
1207   Results Office 3,117,200 3,117,200 - -
  TOTAL OPERATING EXPENSE TO BE VOTED 2,535,488,100 2,124,308,900 411,179,200 1,560,063,936
Statutory Appropriations        
   Treasury Program 8,171,510,000 8,618,350,000 (446,840,000) 8,219,680,057
   Other Statutory Appropriations 58,250,244 58,048,446 201,798 60,695,565
  Ministry Total Operating Expense 10,765,248,344 10,800,707,346 (35,459,002) 9,840,439,558
   Net Consolidation Adjustment - Ontario Financing Authority 15,944,000 15,843,000 101,000 13,796,000
   Net Consolidation Adjustment - Ontario Securities Commission 68,170,000 62,926,000 5,244,000 58,362,000
   Net Consolidation Adjustment - Ontario Electricity Financial Corporation 1,092,000,000 1,108,000,000 (16,000,000) 1,015,223,142
   Net Consolidations - Treasury Program 1,257,781,000 1,177,650,000 80,131,000 1,112,947,005
   Consolidation and Other Adjustments - - - 68,241,175
  Total Including Consolidation & Other Adjustments 13,199,143,344 13,165,126,346 34,016,998 12,109,008,880
           
  OPERATING ASSETS        
1202   Tax Policy, Budget and Revenue Operations Program 5,050,200 4,289,600 760,600 2,135,266
1203   Economic, Fiscal, and Financial Policy Program - 67,500,000 (67,500,000) -
  TOTAL OPERATING ASSETS TO BE VOTED 5,050,200 71,789,600 (66,739,400) 2,135,266
  Ministry Total Operating Assets 5,050,200 71,789,600 (66,739,400) 2,135,266
           
  CAPITAL EXPENSE        
Statutory Appropriations - - - 20,277,000
  Ministry Total Capital Expense - - - 20,277,000
   Net Consolidation Adjustment - Ontario Financing Authority 1,700,000 1,401,000 299,000 1,083,000
   Net Consolidation Adjustment - Ontario Securities Commission 1,920,000 2,371,000 (451,000) 3,267,000
  Total Including Consolidation & Other Adjustments 3,620,000 3,772,000 (152,000) 24,627,000
           
  Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets) 13,202,763,344 13,168,898,346 33,864,998 12,133,635,880

RECONCILIATION TO PREVIOUSLY PUBLISHED DATA