Ministry of Finance - THE ESTIMATES, 2008-09 - Summary

Back to Expenditure Estimates home page
Back to table of contents

The Expenditure Estimates are available in PDF and HTML versions. The PDF version is a format reflecting the true printed version. The HTML version is an accessible format.

Ministry of Finance - THE ESTIMATES, 2008-09 - 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, produces the provincial budget, and supports Treasury Board and 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, the Ministry oversees 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
2008-09

Estimates
2007-08

Difference
Between
2008-09
and
2007-08

Actual
2006-07

  OPERATING EXPENSE        
1201   Ministry Administration Program 138,856,200 147,441,000 (8,584,800) 120,222,562
1202   Tax Policy and Budget Program 69,454,100 13,049,200 56,404,900 121,718,899
1203   Economic, Fiscal, and Financial Policy Program 1,964,646,500 2,513,470,600 (548,824,100) 943,897,831
1204   Financial Services Industry Regulation Program 8,401,000 6,501,000 1,900,000 215,896
-   Results Office - 3,117,200 (3,117,200) 660,000
   Less: Special Warrants - 429,300,000 (429,300,000) -
  TOTAL OPERATING EXPENSE TO BE VOTED 2,181,357,800 2,254,279,000 (72,921,200) 1,186,715,188
   Special Warrants - 429,300,000 (429,300,000) -
Statutory Appropriations        
   Treasury Program 7,803,600,000 7,926,000,000 (122,400,000) 7,667,111,613
   Other Statutory Appropriations 67,014 64,699 2,315 662,821
  Ministry Total Operating Expense 9,985,024,814 10,609,643,699 (624,618,885) 8,854,489,622
   Net Consolidation Adjustment - Ontario Financing Authority 17,569,200 16,095,000 1,474,200 16,973,000
   Net Consolidation Adjustment - Ontario Securities Commission 86,484,000 68,160,000 18,324,000 64,728,998
   Net Consolidation Adjustment - Ontario Electricity Financial Corporation 501,000,000 889,000,000 (388,000,000) 880,704,675
   Net Consolidations - Treasury Program 1,087,400,000 1,196,700,000 (109,300,000) 1,163,951,885
   Net Consolidation Adjustment - Hospitals (20,000,000) (26,700,000) 6,700,000 (14,279,052)
   Consolidation and Other Adjustments - - - 50,014,758
  Total Including Consolidation & Other Adjustments 11,657,478,014 12,752,898,699 (1,095,420,685) 11,016,583,886
           
  OPERATING ASSETS        
1203   Economic, Fiscal, and Financial Policy Program 1,000 - 1,000 -
  TOTAL OPERATING ASSETS TO BE VOTED 1,000 - 1,000 -
  Ministry Total Operating Assets 1,000 - 1,000 -
           
  CAPITAL EXPENSE        
1208   Investing in Ontario Program 1,000 2,000,000,000 (1,999,999,000) -
  TOTAL CAPITAL EXPENSE TO BE VOTED 1,000 2,000,000,000 (1,999,999,000) -
  Ministry Total Capital Expense 1,000 2,000,000,000 (1,999,999,000) -
   Net Consolidation Adjustment - Ontario Financing Authority 1,470,000 1,600,000 (130,000) 1,360,000
   Net Consolidation Adjustment - Ontario Securities Commission 1,964,000 2,040,000 (76,000) 1,718,552
  Total Including Consolidation & Other Adjustments 3,435,000 2,003,640,000 (2,000,205,000) 3,078,552
           
  Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets) 11,660,913,014 14,756,538,699 (3,095,625,685) 11,019,662,438

RECONCILIATION TO PREVIOUSLY PUBLISHED DATA