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.
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 |