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The Ontario Ministry of Finance manages the economic, fiscal, and financial policies of the Government of Ontario. 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
2011-12

Estimates
2010-11

Difference
Between
2011-12
and
2010-11

Actual
2009-10

  OPERATING EXPENSE        
1201   Ministry Administration Program 39,490,200 46,937,500 (7,447,300) 37,673,196
1202   Taxation, Agencies and Pensions Policy Program 20,818,400 20,871,600 (53,200) 14,355,368
1203   Economic, Fiscal, and Financial Policy Program 2,120,141,900 3,176,885,900 (1,056,744,000) 1,684,911,304
1204   Financial Services Industry Regulation Program 1,951,000 4,451,000 (2,500,000) 506,148,192
  TOTAL OPERATING EXPENSE TO BE VOTED 2,182,401,500 3,249,146,000 (1,066,744,500) 2,243,088,060
Statutory Appropriations        
   Treasury Program 9,464,497,900 9,150,716,200 313,781,700 10,873,797,696
   Other Statutory Appropriations 67,014 67,014 - 65,968
  Ministry Total Operating Expense 11,646,966,414 12,399,929,214 (752,962,800) 13,116,951,724
   Net Consolidation Adjustment - Ontario Financing Authority 18,891,200 17,682,000 1,209,200 17,298,000
   Net Consolidation Adjustment - Ontario Securities Commission 85,702,000 83,253,000 2,449,000 69,233,000
   Net Consolidation Adjustment - Ontario Electricity Financial Corporation 766,000,000 1,107,000,000 (341,000,000) 794,451,182
   Net Consolidation Adjustment - Treasury Program 951,114,800 922,791,000 28,323,800 908,941,932
   Net Consolidation Adjustment - Treasury Program- Interest Capitalization for Other Sectors (125,843,300) (112,297,700) (13,545,600) (47,049,000)
   Net Consolidation Adjustment - Hospitals (10,000,000) (10,000,000) - (1,896,124)
   Other Adjustments - Financial Services Commission of Ontario 69,172,100 61,202,000 7,970,100 50,997,313
   Net Consolidation Adjustment - Ontario Racing Commission 10,080,000 10,044,000 36,000 10,513,324
  Total Including Consolidation & Other Adjustments 13,412,083,214 14,479,603,514 (1,067,520,300) 14,919,441,351
           
  OPERATING ASSETS        
1203   Economic, Fiscal, and Financial Policy Program 1,000 1,000 - 4,493,363,299
1204   Financial Services Industry Regulation Program 1,000 - 1,000 -
  TOTAL OPERATING ASSETS TO BE VOTED 2,000 1,000 1,000 4,493,363,299
Statutory Appropriations 1,000 1,000 - -
  Ministry Total Operating Assets 3,000 2,000 1,000 4,493,363,299
           
  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 322,100 190,200 131,900 14,807
  Ministry Total Capital Expense 326,100 194,200 131,900 14,807
   Net Consolidation Adjustment - Ontario Financing Authority 1,235,000 1,000,000 235,000 1,016,000
   Net Consolidation Adjustment - Ontario Securities Commission 2,750,000 3,168,000 (418,000) 2,705,000
   Net Consolidation Adjustment - Ontario Racing Commission 100,000 92,800 7,200 107,000
  Total Including Consolidation & Other Adjustments 4,411,100 4,455,000 (43,900) 3,842,807
           
  CAPITAL ASSETS        
1201   Ministry Administration Program 1,000 17,000 (16,000) -
1203   Economic, Fiscal, and Financial Policy Program 1,000 1,000 - -
1204   Financial Services Industry Regulation Program 650,000 550,000 100,000 530,352
  TOTAL CAPITAL ASSETS TO BE VOTED 652,000 568,000 84,000 530,352
  Ministry Total Capital Assets 652,000 568,000 84,000 530,352
           
  Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets) 13,416,494,314 14,484,058,514 (1,067,564,200) 14,923,284,158

RECONCILIATION TO PREVIOUSLY PUBLISHED DATA