This program is responsible for the development, direction, operation and formulation of policies for the management of the Province's debt, investments, credit rating, investor relations, and related financial administration activities; providing centralized banking and cash management services to the Province; reporting on the financial position of the Province to investors and the public to facilitate borrowing activities; providing to the electricity sector financial analysis and support for any direct or indirect provincial liabilities and monitoring the fiscal implications; advice to government and broader public sector on financing initiatives and policies; provision of guarantees and loans by the Province and assistance in investments to its Crown Corporations and agencies; and arranging custodial and fiscal agency services for the Province and certain of its agencies. It is also responsible for the issuance of Ontario Savings Bonds. The Ontario Financing Authority (OFA) provides a broad range of financial services to Ontario Electricity Financial Corporation (OEFC) and Ontario Infrastructure Projects Corporation (Infrastructure Ontario).
VOTE -ITEM # |
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS | |||
---|---|---|---|---|
OPERATING EXPENSE | ||||
Statutory Appropriations | ||||
Statutory | Interest on Debt | |||
Interest on Ontario Securities | ||||
For general purposes | 8,909,154,900 | |||
Canada Pension Plan Investment Board | 532,916,000 | |||
Ontario Teachers' Pension Fund | 82,867,000 | |||
Public Service Pension Fund | 135,123,000 | |||
Ontario Public Service Employees Union Pension Fund | 64,191,000 | |||
Ontario Mortgage and Housing Corporation | 2,245,000 | |||
Canada Mortgage and Housing Corporation | 11,340,000 | |||
Ontario Immigrant Investor Corporation | 41,573,000 | 9,779,409,900 | ||
Less: Other interest, exchange, discount and commission | 62,080,000 | |||
Less: Interest Capitalized in Ministry Appropriations | 142,358,000 | |||
Less: Interest on Investments | 630,474,000 | |||
8,944,497,900 | ||||
Interest on Debt Payable to Ontario Electricity Financial Corporation | 520,000,000 | |||
Total Operating Expense for Treasury Program | 9,464,497,900 |