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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 the Treasury Board/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 financial services institutions and intermediaries carrying on business in the province.

MINISTRY PROGRAM SUMMARY
($)
VOTE PROGRAM

Estimates
2010-11

Estimates
2009-10

Difference
Between
2010-11
and
2009-10

Actual
2008-09

  OPERATING EXPENSE        
1201   Ministry Administration Program 46,937,500 41,748,400 5,189,100 44,246,320
1202   Budget, Taxation and Pensions Policy Program 20,871,600 18,041,800 2,829,800 35,739,539
1203   Economic, Fiscal, and Financial Policy Program 3,176,885,900 4,624,159,600 (1,447,273,700) 1,086,479,388
1204   Financial Services Industry Regulation Program 4,451,000 4,451,000 - 1,687,922
  TOTAL OPERATING EXPENSE TO BE VOTED 3,249,146,000 4,688,400,800 (1,439,254,800) 1,168,153,169
Statutory Appropriations        
   Treasury Program 9,150,716,200 8,475,243,400 675,472,800 7,780,571,424
   Other Statutory Appropriations 67,014 67,014 - 1,077,558
  Ministry Total Operating Expense 12,399,929,214 13,163,711,214 (763,782,000) 8,949,802,151
   Net Consolidation Adjustment - Ontario Financing Authority 17,682,000 17,410,000 272,000 16,407,000
   Net Consolidation Adjustment - Ontario Securities Commission 83,253,000 87,564,000 (4,311,000) 73,338,044
   Net Consolidation Adjustment - Ontario Electricity Financial Corporation 1,107,000,000 720,000,000 387,000,000 1,003,392,167
   Net Consolidation Adjustment - Treasury Program 922,791,000 904,365,900 18,425,100 1,000,641,490
   Net Consolidation Adjustment - Treasury Program- Interest Capitalization for Other Sectors (112,297,700) (78,625,400) (33,672,300) -
   Net Consolidation Adjustment - Hospitals (10,000,000) (10,000,000) - (7,740,018)
   Other Adjustments - Financial Services Commission of Ontario 61,202,000 58,800,100 2,401,900 53,119,005
   Net Consolidation Adjustment - Ontario Racing Commission 10,044,000 11,400,000 (1,356,000) 10,152,761
  Total Including Consolidation & Other Adjustments 14,479,603,514 14,874,625,814 (395,022,300) 11,099,112,600
           
  OPERATING ASSETS        
1203   Economic, Fiscal, and Financial Policy Program 1,000 2,000 (1,000) -
1204   Financial Services Industry Regulation Program - 1,000 (1,000) -
  TOTAL OPERATING ASSETS TO BE VOTED 1,000 3,000 (2,000) -
Statutory Appropriations 1,000 - 1,000 -
  Ministry Total Operating Assets 2,000 3,000 (1,000) -
           
  CAPITAL EXPENSE        
1201   Ministry Administration Program 1,000 1,000 - -
1203   Economic, Fiscal, and Financial Policy Program 1,000 1,000 - -
1204   Financial Services Industry Regulation Program 1,000 1,000 - -
1208   Investing in Ontario Program 1,000 1,000 - -
  TOTAL CAPITAL EXPENSE TO BE VOTED 4,000 4,000 - -
Statutory Appropriations 190,200 64,000 126,200 -
  Ministry Total Capital Expense 194,200 68,000 126,200 -
   Net Consolidation Adjustment - Ontario Financing Authority 1,000,000 1,200,000 (200,000) 820,000
   Net Consolidation Adjustment - Ontario Securities Commission 3,168,000 2,816,000 352,000 1,240,000
   Net Consolidation Adjustment - Ontario Racing Commission 92,800 120,000 (27,200) 112,000
  Total Including Consolidation & Other Adjustments 4,455,000 4,204,000 251,000 2,172,000
           
  CAPITAL ASSETS        
1201   Ministry Administration Program 17,000 - 17,000 -
1203   Economic, Fiscal, and Financial Policy Program 1,000 18,000 (17,000) -
1204   Financial Services Industry Regulation Program 550,000 550,000 - -
  TOTAL CAPITAL ASSETS TO BE VOTED 568,000 568,000 - -
  Ministry Total Capital Assets 568,000 568,000 - -
           
  Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets) 14,484,058,514 14,878,829,814 (394,771,300) 11,101,284,600

RECONCILIATION TO PREVIOUSLY PUBLISHED DATA