MAIN HEADING: Treasury Program

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Treasury Program - VOTE 1244

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 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 and Lands Corporation (Infrastructure Ontario).

Vote Summary
($)
ITEM # ITEM

Estimates
2014-15

Estimates
2013-14

Difference
Between
2014-15
and
2013-14

Actual
2012-13

  OPERATING EXPENSE        
S Interest on Debt 10,395,290,800 9,878,532,000 516,758,800 9,539,823,819
  Total Operating Expense 10,395,290,800 9,878,532,000 516,758,800 9,539,823,819


Standard Account by Item and Sub-Items
($)
VOTE-
ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE      
Statutory Statutory Appropriations
Interest on Debt
     
          Interest on Ontario Securities      
                  For general purposes   10,176,981,000  
                  Canada Pension Plan Investment Board   506,101,000  
                  Public Service Pension Fund   6,336,900  
                  Ontario Public Service Employees Union Pension Fund   3,010,400  
                  Canada Mortgage and Housing Corporation   7,334,000  
                  Ontario Immigrant Investor Corporation   12,508,600 10,712,271,900
          Less: Other interest, exchange, discount and commission     79,230,000
          Less: Interest Capitalized in Ministry Appropriations     153,540,300
          Less: Interest on Investments     604,210,800
        9,875,290,800
          Interest on Debt Payable to Ontario Electricity Financial Corporation     520,000,000
  Total Operating Expense for Treasury Program     10,395,290,800