MAIN HEADING: ECONOMIC, FISCAL, AND FINANCIAL POLICY PROGRAM - VOTE 1203

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This program develops and implements sound economic and fiscal strategies to stimulate economic growth and job creation; forecasts, monitors and reports on the performance of the Ontario economy; provides expertise and advice on sound economic design of government initiatives; develops demographic forecasts for Ontario; develops the policy and legislative framework for Ontario's financial services industry; develops and implements a fiscal and financial management framework for the public sector in Ontario; assists the Minister of Finance and the government in formulating Ontario’s federal-provincial finance policy; develops, monitors and reports on the fiscal plan and results for the province; provides policy advice to clients, managers, and decision makers in the areas of accounting, fiscal and financial management; and fosters greater accountability and fiscal integrity in the public sector in Ontario. The program advises on assessment and property tax policy, grants to municipalities, and education tax rates. It also monitors the fiscal and financial relationship between the province and the municipalities, including providing transfer payments to municipalities. It also reflects the transfer of dedicated electricity earnings from the Province to the Ontario Electricity Financial Corporation.

Office of the Budget and Treasury Board assists the Minister and Deputy Minister of Finance and the government in formulating the fiscal plan and results of the Province through the Ontario Budget, Ontario Quarterly Finances, Economic Outlook and Fiscal Review, and Public Accounts. Additionally, the program supports Treasury Board/Management Board of Cabinet by providing advice on ministries' annual multi-year Results-based Plans and ministries' management of in-year expenditures to ensure the appropriate use of public resources to meet government priorities. The Program also provides the Ontario Public Service and Broader Public Sector with accounting and financial management policy and controllership advice, prepares the Pre-Election Report on Ontario's Finances, provides support to the Minister of Finance and the government in formulating Ontario's strategies with respect to federal-provincial fiscal arrangements, and facilitates integrated supply chain and back office leading practices in Ontario's broader public sector.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2011-12

Estimates
2010-11

Difference
Between
2011-12
and
2010-11

Actual
2009-10

  OPERATING EXPENSE        
1 Economic Policy 10,727,700 20,319,300 (9,591,600) 11,134,268
5 Provincial-Local Finance 27,871,300 27,871,300 - 19,742,587
6 Municipal Support Programs 778,439,100 827,939,100 (49,500,000) 933,246,300
8 Office of the Budget and Treasury Board 86,444,400 130,696,800 (44,252,400) 71,827,286
9 Ontario Internal Audit 5,659,400 5,659,400 - 4,960,863
10 Contingency Fund 600,000,000 1,840,400,000 (1,240,400,000) -
12 Ontario Electricity Financial Corporation Dedicated Electricity Earnings 611,000,000 324,000,000 287,000,000 644,000,000
  TOTAL OPERATING EXPENSE TO BE VOTED 2,120,141,900 3,176,885,900 (1,056,744,000) 1,684,911,304
Statutory Guarantees and Indemnities, the Financial Administration Act 1,000 1,000 - -
  Total Statutory Appropriations 1,000 1,000 - -
  Total Operating Expense 2,120,142,900 3,176,886,900 (1,056,744,000) 1,684,911,304
  OPERATING ASSETS        
11 Broader Public Sector Supply Chain Secretariat 1,000 1,000 - -
- Auto Sector Support - - - 4,493,363,299
  TOTAL OPERATING ASSETS TO BE VOTED 1,000 1,000 - 4,493,363,299
Statutory Harmonized Sales Tax, the Financial Administration Act 1,000 1,000 - -
  Total Statutory Appropriations 1,000 1,000 - -
  Total Operating Assets 2,000 2,000 - 4,493,363,299
  CAPITAL EXPENSE        
14 Economic, Fiscal, and Financial Policy Program 1,000 1,000 - -
  TOTAL CAPITAL EXPENSE TO BE VOTED 1,000 1,000 - -
Statutory Amortization, the Financial Administration Act 1,000 1,000 - -
  Total Statutory Appropriations 1,000 1,000 - -
  Total Capital Expense 2,000 2,000 - -
  CAPITAL ASSETS        
13 Economic, Fiscal and Financial Policy Program 1,000 1,000 - -
  TOTAL CAPITAL ASSETS TO BE VOTED 1,000 1,000 - -
  Total Capital Assets 1,000 1,000 - -



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE      
1203-1 Economic Policy      
  Salaries and wages     7,614,300
  Employee benefits     842,700
  Transportation and communication     183,600
  Services     1,140,600
  Supplies and equipment     99,800
  Transfer payments      
     Grants in support of Economic and Financial Services Policy Research     966,800
  Subtotal     10,847,800
  Less: Recoveries     120,100
  Total Operating Expense to be Voted     10,727,700
1203-5 Provincial-Local Finance      
  Salaries and wages     5,333,200
  Employee benefits     559,100
  Transportation and communication     223,000
  Services     21,641,000
  Supplies and equipment     115,000
  Total Operating Expense to be Voted     27,871,300
1203-6 Municipal Support Programs      
  Transfer payments      
     Ontario Municipal Partnership Fund   623,716,700  
     Special Payments to Municipalities   19,322,400  
     Greater Toronto Area Pooling Compensation   135,400,000 778,439,100
  Total Operating Expense to be Voted     778,439,100
1203-8 Office of the Budget and Treasury Board      
  Salaries and wages     21,381,400
  Employee benefits     2,782,900
  Transportation and communication     1,358,100
  Services     31,153,000
  Supplies and equipment     1,069,000
  Transfer payments      
     Supply Chain Management and Innovation Projects in the Broader Public Sector     28,700,000
  Total Operating Expense to be Voted     86,444,400
  Sub-Items:      
  Budget and Treasury Board Office      
  Salaries and wages   10,468,800  
  Employee benefits   1,312,500  
  Transportation and communication   283,100  
  Services   3,145,600  
  Supplies and equipment   254,000 15,464,000
  Office of the Provincial Controller      
  Salaries and wages   6,772,600  
  Employee benefits   880,400  
  Transportation and communication   525,000  
  Services   24,837,400  
  Supplies and equipment   265,000 33,280,400
  Broader Public Sector Supply Chain Secretariat      
  Salaries and wages   4,140,000  
  Employee benefits   590,000  
  Transportation and communication   550,000  
  Services   3,170,000  
  Supplies and equipment   550,000  
  Transfer payments      
     Supply Chain Management and Innovation Projects in the Broader Public Sector   28,700,000 37,700,000
  Total Operating Expense to be Voted     86,444,400
1203-9 Ontario Internal Audit      
  Salaries and wages     21,616,200
  Employee benefits     2,438,400
  Transportation and communication     662,300
  Services     3,580,400
  Supplies and equipment     341,100
  Subtotal     28,638,400
  Less: Recoveries     22,979,000
  Total Operating Expense to be Voted     5,659,400
1203-10 Contingency Fund      
  Other transactions     600,000,000
  Total Operating Expense to be Voted     600,000,000
1203-12 Ontario Electricity Financial Corporation Dedicated Electricity Earnings      
  Transfer payments      
     Electricity Sector Dedicated Income     611,000,000
  Total Operating Expense to be Voted     611,000,000
  Statutory Appropriations      
  Other transactions      
Statutory    Guarantees and Indemnities, the Financial Administration Act     1,000
  Total Operating Expense for Economic, Fiscal, and Financial Policy Program     2,120,142,900
  OPERATING ASSETS      
  Statutory Appropriations      
  Advances and recoverable amounts      
Statutory    Harmonized Sales Tax, the Financial Administration Act     1,000
1203-11 Broader Public Sector Supply Chain Secretariat      
  Deposits and prepaid expenses     1,000
  Total Operating Assets to be Voted     1,000
  Total Operating Assets for Economic, Fiscal, and Financial Policy Program     2,000
  CAPITAL EXPENSE      
1203-14 Economic, Fiscal, and Financial Policy Program      
  Other transactions     1,000
  Total Capital Expense to be Voted     1,000
  Statutory Appropriations      
  Other transactions      
Statutory    Amortization, the Financial Administration Act     1,000
  Total Capital Expense for Economic, Fiscal, and Financial Policy Program     2,000
  CAPITAL ASSETS      
1203-13 Economic, Fiscal and Financial Policy Program      
  Land and marine fleet     1,000
  Total Capital Assets to be Voted     1,000
  Total Capital Assets for Economic, Fiscal, and Financial Policy Program     1,000