Ministry of Finance - THE ESTIMATES, 2006-07

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ECONOMIC, FISCAL, AND FINANCIAL POLICY PROGRAM - VOTE 1203

This program develops and implements sound economic and fiscal strategies to stimulate economic growth and job creation; forecasts, monitors and reports on the performance of the Ontario economy; provides expertise and policy advice on sound economic design of government initiatives; develops demographic forecasts for Ontario; develops the policy and legislative framework for Ontario's financial services industry; develops and implements a fiscal and financial management framework for the public sector in Ontario; assists the Minister of Finance and the Government in formulating Ontario's federal-provincial finance policy; develops, monitors and reports on the fiscal plan and results for the province; provides policy advice to clients, managers, and decision makers in the areas of accounting, fiscal and financial management; and fosters greater accountability and fiscal integrity in the public sector in Ontario. The program also monitors the fiscal and financial relationship between the province and the municipalities.

The Treasury Board Office coordinates fiscal strategy, risk assessment and internal audit services for the Ontario Public Service, and supports Treasury Board and Management Board of Cabinet by providing advice on the appropriate use of public resources to meet government priorities. The program also facilitates integrated supply chain and associated back-office leading practices in Ontario's broader public sector.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2006-07

Estimates
2005-06

Difference
Between
2006-07
and
2005-06

Actual
2004-05

  OPERATING EXPENSE        
1 Economic Policy 7,477,000 121,858,800 (114,381,800) 7,311,383
5 Provincial-Local Finance 18,570,800 12,183,000 6,387,800 5,976,119
6 Ontario Municipal Partnership Strategy 746,192,500 677,092,500 69,100,000 898,802,722
8 Treasury Board Office 85,344,900 106,082,100 (20,737,200) 37,845,934
9 Ontario Internal Audit 4,795,600 4,964,600 (169,000) 4,597,181
10 Contingency Fund 995,000,000 556,500,000 438,500,000 -
  TOTAL OPERATING EXPENSE TO BE VOTED 1,857,380,800 1,478,681,000 378,699,800 954,533,339
  Total Operating Expense 1,857,380,800 1,478,681,000 378,699,800 954,533,339
  OPERATING ASSETS        
- Assets - 67,500,000 (67,500,000) -
  TOTAL OPERATING ASSETS TO BE VOTED - 67,500,000 (67,500,000) -
  Total Operating Assets - 67,500,000 (67,500,000) -



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE      
1203-1 Economic Policy      
  Salaries and wages     5,688,800
  Employee benefits     529,200
  Transportation and communication     179,600
  Services     823,700
  Supplies and equipment     94,300
  Transfer payments      
     Grants in support of Economic and Financial Services Policy Research     161,400
  Total Operating Expense to be Voted     7,477,000
1203-5 Provincial-Local Finance      
  Salaries and wages     3,318,500
  Employee benefits     376,400
  Transportation and communication     215,000
  Services     14,545,900
  Supplies and equipment     115,000
  Total Operating Expense to be Voted     18,570,800
1203-6 Ontario Municipal Partnership Strategy      
  Transfer payments      
     Ontario Municipal Partnership Fund   730,600,000  
     Special Payments to Municipalities   15,592,500 746,192,500
  Total Operating Expense to be Voted     746,192,500
1203-8 Treasury Board Office      
  Salaries and wages     16,881,100
  Employee benefits     2,312,500
  Transportation and communication     2,239,600
  Services     17,941,900
  Supplies and equipment     1,069,800
  Transfer payments      
     Partnerships with the Broader Public Sector   14,900,000  
     Supply Chain Management Project for the Broader Public Sector   30,000,000 44,900,000
  Total Operating Expense to be Voted     85,344,900
  Sub-Items:      
  Fiscal Strategy and Coordination      
  Salaries and wages   9,910,100  
  Employee benefits   1,302,300  
  Transportation and communication   1,214,600  
  Services   8,411,200  
  Supplies and equipment   294,800  
  Transfer payments      
     Partnerships with the Broader Public Sector   14,900,000 36,033,000
  Office of the Provincial Controller      
  Salaries and wages   5,201,000  
  Employee benefits   780,200  
  Transportation and communication   525,000  
  Services   7,530,700  
  Supplies and equipment   275,000 14,311,900
  Broader Public Sector Supply Chain Secretariat      
  Salaries and wages   1,770,000  
  Employee benefits   230,000  
  Transportation and communication   500,000  
  Services   2,000,000  
  Supplies and equipment   500,000  
  Transfer payments      
     Supply Chain Management Project for the Broader Public Sector   30,000,000 35,000,000
  Total Operating Expense to be Voted     85,344,900
1203-9 Ontario Internal Audit      
  Salaries and wages     15,233,800
  Employee benefits     1,821,800
  Transportation and communication     502,600
  Services     1,888,600
  Supplies and equipment     271,600
  Subtotal     19,718,400
  Less: Recoveries     14,922,800
  Total Operating Expense to be Voted     4,795,600
1203-10 Contingency Fund      
  Other transactions     995,000,000
  Total Operating Expense to be Voted     995,000,000
  Total Operating Expense for Economic, Fiscal, and Financial Policy Program     1,857,380,800