ECONOMIC, FISCAL, AND FINANCIAL POLICY PROGRAM - VOTE 1203

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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 back-office leading practices in Ontario's broader public sector.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2007-08

Estimates
2006-07

Difference
Between
2007-08
and
2006-07

Actual
2005-06

  OPERATING EXPENSE        
1 Economic Policy 7,867,600 7,477,000 390,600 121,755,769
5 Provincial-Local Finance 30,777,800 18,570,800 12,207,000 8,730,184
6 Ontario Municipal Partnership Strategy 933,202,400 746,192,500 187,009,900 785,498,799
8 Treasury Board Office 114,067,200 85,211,700 28,855,500 62,515,138
9 Ontario Internal Audit 4,415,600 4,795,600 (380,000) 4,183,728
10 Contingency Fund 580,000,000 2,085,000,000 (1,505,000,000) -
  Total Including Special Warrants 1,670,330,600 2,947,247,600 (1,276,917,000) 982,683,618
Less: Special Warrants 370,900,000 - 370,900,000 -
  TOTAL OPERATING EXPENSE TO BE VOTED 1,299,430,600 2,947,247,600 (1,647,817,000) 982,683,618
Special Warrants 370,900,000 - 370,900,000 -
Statutory Guarantees and Indemnities, the Financial Administration Act 1,000 - 1,000 -
Statutory Payments re: Guaranteed Loans, the Financial Administration Act - 615,000 (615,000) -
Statutory Release of Loan in Favour of Toronto District School Board, Order in Council # 1300/2005 - - - 55,200,000
  Total Statutory Appropriations 1,000 615,000 (614,000) 55,200,000
  Total Operating Expense 1,670,331,600 2,947,862,600 (1,277,531,000) 1,037,883,618
  OPERATING ASSETS        
- Assets - - - 67,500,000
  TOTAL OPERATING ASSETS TO BE VOTED - - - 67,500,000
  Total Operating Assets - - - 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     6,265,100
  Employee benefits     598,000
  Transportation and communication     179,700
  Services     563,700
  Supplies and equipment     94,300
  Transfer payments      
     Grants in support of Economic and Financial Services Policy Research     166,800
  Total Operating Expense     7,867,600
  Statutory Appropriation      
  Other transactions      
Statutory    Guarantees and Indemnities, the Financial Administration Act     1,000
1203-5 Provincial-Local Finance      
  Salaries and wages     4,216,900
  Employee benefits     493,500
  Transportation and communication     223,000
  Services     25,729,400
  Supplies and equipment     115,000
  Total Operating Expense     30,777,800
1203-6 Ontario Municipal Partnership Strategy      
  Transfer payments      
     Ontario Municipal Partnership Fund   887,460,000  
     Special Payments to Municipalities   16,122,400  
     Special One-time Municipal Assistance   29,620,000 933,202,400
  Total Operating Expense     933,202,400
1203-8 Treasury Board Office      
  Salaries and wages     18,914,400
  Employee benefits     2,566,800
  Transportation and communication     2,293,800
  Services     27,308,300
  Supplies and equipment     1,133,900
  Transfer payments      
     Partnerships with the Broader Public Sector   15,000,000  
     Reporting Entity Project   16,850,000  
     Supply Chain Management Project for the Broader Public Sector   30,000,000 61,850,000
  Total Operating Expense     114,067,200
  Sub-Items:      
  Fiscal Strategy and Coordination      
  Salaries and wages   10,733,400  
  Employee benefits   1,407,100  
  Transportation and communication   1,243,800  
  Services   4,168,500  
  Supplies and equipment   308,900  
  Transfer payments      
     Partnerships with the Broader Public Sector   15,000,000 32,861,700
  Office of the Provincial Controller      
  Salaries and wages   6,411,000  
  Employee benefits   929,700  
  Transportation and communication   550,000  
  Services   21,139,800  
  Supplies and equipment   325,000  
  Transfer payments      
     Reporting Entity Project   16,850,000 46,205,500
  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     114,067,200
1203-9 Ontario Internal Audit      
  Salaries and wages     15,317,200
  Employee benefits     1,843,800
  Transportation and communication     493,600
  Services     1,484,900
  Supplies and equipment     267,500
  Subtotal     19,407,000
  Less: Recoveries     14,991,400
  Total Operating Expense     4,415,600
1203-10 Contingency Fund      
  Other transactions     580,000,000
  Total Operating Expense to be Voted     580,000,000
  Total Operating Expense for Economic, Fiscal, and Financial Policy Program     1,670,331,600