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This program is responsible for the development, direction, operation and formulation of policies for the management of the province's cash, investments, 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
2010-11

Estimates
2009-10

Difference
Between
2010-11
and
2009-10

Actual
2008-09

  OPERATING EXPENSE        
Statutory Interest on Debt 9,150,716,200 8,475,243,400 675,472,800 7,565,246,924
Statutory Bad Debt Expense - - - 215,324,500
  Total Operating Expense 9,150,716,200 8,475,243,400 675,472,800 7,780,571,424



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   8,107,853,600  
     Canada Pension Plan Investment Board   587,984,000  
     Ontario Teachers' Pension Fund   136,500,000  
     Public Service Pension Fund   173,671,000  
     Ontario Public Service Employees Union Pension Fund   82,503,000  
     Ontario Mortgage and Housing Corporation   14,890,000  
     Canada Mortgage and Housing Corporation   12,532,000  
     Ontario Immigrant Investor Corporation   30,400,000 9,146,333,600
     Less: Other interest, exchange, discount and commission     44,061,500
     Less: Interest Capitalized in Ministry Appropriations     100,001,900
     Less: Interest on Investments     371,554,000
        8,630,716,200
     Interest on Debt Payable to Ontario Electricity Financial Corporation     520,000,000
  Total Operating Expense for Treasury Program     9,150,716,200