Ministry of Economic Development and Trade - THE ESTIMATES, 2007-08 - Summary

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Ministry of Economic Development and Trade - THE ESTIMATES, 2007-08 - Summary

The Ministry focuses its efforts on activities which support a prosperous and competitive economy by: ensuring Ontario remains a leader in North American auto production through innovation and a skilled workforce; attracting more foreign investment and skilled jobs; promoting trade and diversifying Ontario's export markets; and supporting strong, sustainable growth in key clusters and sectors, e.g. information and communications technologies, financial services, life sciences and other sectors.

MINISTRY PROGRAM SUMMARY
($)
VOTE PROGRAM

Estimates
2007-08

Estimates
2006-07

Difference
Between
2007-08
and
2006-07

Actual
2005-06

  OPERATING EXPENSE        
901   Ministry Administration Program 15,248,400 15,872,600 (624,200) 12,444,480
902   Economic Development and Trade Program 295,846,500 303,895,300 (8,048,800) 158,554,459
   Less: Special Warrants 234,775,000 - 234,775,000 -
  TOTAL OPERATING EXPENSE TO BE VOTED 76,319,900 319,767,900 (243,448,000) 170,998,939
   Special Warrants 234,775,000 - 234,775,000 -
Statutory Appropriations 2,063,699 1,063,938 999,761 90,367
  Ministry Total Operating Expense 313,158,599 320,831,838 (7,673,239) 171,089,306
   Net Consolidation Adjustment - Ontario Immigrant Investor Corporation 7,400,000 7,159,700 240,300 4,668,000
  Total Including Consolidation & Other Adjustments 320,558,599 327,991,538 (7,432,939) 175,757,306
           
  OPERATING ASSETS        
902   Economic Development and Trade Program 127,575,500 68,941,000 58,634,500 90,413,845
   Less: Special Warrants 70,000,000 - 70,000,000 -
  TOTAL OPERATING ASSETS TO BE VOTED 57,575,500 68,941,000 (11,365,500) 90,413,845
   Special Warrants 70,000,000 - 70,000,000 -
  Ministry Total Operating Assets 127,575,500 68,941,000 58,634,500 90,413,845
           
  CAPITAL EXPENSE        
902   Economic Development and Trade Program 6,000,000 20,000,000 (14,000,000) -
   Less: Special Warrants 6,000,000 - 6,000,000 -
  TOTAL CAPITAL EXPENSE TO BE VOTED - 20,000,000 (20,000,000) -
   Special Warrants 6,000,000 - 6,000,000 -
  Ministry Total Capital Expense 6,000,000 20,000,000 (14,000,000) -
           
  Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets) 326,558,599 347,991,538 (21,432,939) 175,757,306

RECONCILIATION TO PREVIOUSLY PUBLISHED DATA