Supplementary Estimates, 2007-08

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Ministry of Finance

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 back-office leading practices in Ontario's broader public sector, and reflects the transfer of dedicated electricity earnings from the Province to the Ontario Electricity Financial Corporation.

VOTE SUMMARY
($)
ITEM # ITEM

Supplementary
Estimates
2007-08

Estimates
2007-08

Estimates
2006-07

Actual
2005-06

  OPERATING EXPENSE        
12 Ontario Electricity Financial Corporation Dedicated Electricity Earnings 106,000,000 - - -
  TOTAL OPERATING EXPENSE TO BE VOTED 106,000,000 - - -
  Total Operating Expense 106,000,000 - - -



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE      
1203-12 Ontario Electricity Financial Corporation Dedicated Electricity Earnings      
  Transfer payments      
     Electricity Sector Dedicated Income     106,000,000
  Total Operating Expense to be Voted     106,000,000
  Total Operating Expense for Economic, Fiscal, and Financial Policy Program     106,000,000
  TOTAL OPERATING EXPENSE FOR MINISTRY OF FINANCE     106,000,000



INVESTING IN ONTARIO PROGRAM - VOTE 1208

This program is subject to the Legislature's approval of Bill 35, the proposed Investing in Ontario Act, 2008. The program would have responsibility for the distribution of all or part of the surplus for a fiscal year (reduced by any allocation to the reduction of the accumulated deficit prescribed by regulation) to eligible recipients for the purposes, and in the manner prescribed by regulation. Eligible recipients may include entities, other than individuals, that do not carry on their activities for the purposes of gain or profit.

VOTE SUMMARY
($)
ITEM # ITEM

Supplementary
Estimates
2007-08

Estimates
2007-08

Estimates
2006-07

Actual
2005-06

  CAPITAL EXPENSE        
1 Investing in Ontario 2,000,000,000 - - -
  TOTAL CAPITAL EXPENSE TO BE VOTED 2,000,000,000 - - -
  Total Capital Expense 2,000,000,000 - - -



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  CAPITAL EXPENSE      
1208-1 Investing in Ontario      
  Transfer payments      
     Bill 35 - the proposed Investing in Ontario Act, 2008, if it is enacted     2,000,000,000
  Total Capital Expense to be Voted     2,000,000,000
  Total Capital Expense for Investing in Ontario Program     2,000,000,000
  TOTAL CAPITAL EXPENSE FOR MINISTRY OF FINANCE     2,000,000,000