TREASURY PROGRAM

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TREASURY PROGRAM

This program is responsible for the development, direction, operation and formulation of policies for the management of the province's cash, investment, debt, finance, credit rating, investor relations, banking and related financial administration activities; reporting on the financial position of the province to investors and the public to facilitate borrowing activities; providing financial analysis and support for any direct or indirect provincial liabilities and monitoring the fiscal implications of the electricity sector as well as government and broader public sector financing initiatives including providing advice to the sector; the provision of guarantees by Ontario and of loans to its Crown Corporations and agencies; and acting as the custodian and fiscal agent for the securities of the province and certain of its agencies, including the Ontario Electricity Financial Corporation. It is also responsible for the issuance of Ontario Savings Bonds.

SUMMARY
($)
ITEM # ITEM

Estimates
2009-10

Estimates
2008-09

Difference
Between
2009-10
and
2008-09

Actual
2007-08

  OPERATING EXPENSE  
Statutory Interest on Debt 8,475,243,400 7,803,600,000 671,643,400 7,780,237,545
  Total Operating Expense 8,475,243,400 7,803,600,000 671,643,400 7,780,237,545



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE  
  Statutory Appropriations      
Statutory Interest on Debt      
  Interest on Ontario Securities      
     For general purposes   6,976,333,400  
     Canada Pension Plan Investment Board   514,209,000  
     Ontario Teachers' Pension Fund   266,486,000  
     Public Service Pension Fund   211,201,000  
     Ontario Public Service Employees Union Pension Fund   100,332,000  
     Ontario Mortgage and Housing Corporation   85,905,000  
     Canada Mortgage and Housing Corporation   13,649,000  
     Ontario Immigrant Investor Corporation   29,300,000 8,197,415,400
     Other interest, exchange, discount and commission     41,858,000
        8,239,273,400
     Less: Interest on Investments     284,030,000
        7,955,243,400
     Interest on Debt Payable to Ontario Electricity Financial Corporation     520,000,000
  Total Operating Expense for Treasury Program     8,475,243,400