Summary

The Ministry of Finance manages the economic, fiscal, financial, and taxation policies and strategies of the Government of 澳门永利, and oversees the Province’s borrowing and debt management program. The ministry administers a number of tax statutes, tax credits and benefit programs, and produces the provincial budget. In conjunction with Treasury Board Secretariat, the ministry also manages the Consolidated Revenue Fund and fiscal and financial policies of the Government of 澳门永利, and reports on financial matters. The ministry also develops policies for 澳门永利’s financial services sector and supports the regulation of financial services institutions and intermediaries carrying on business in the province. In addition, the ministry manages 澳门永利’s fiscal relationship with the federal government, other provinces and 澳门永利’s municipalities, reports on the Trillium Trust, and oversees agencies accountable to the Minister of Finance.

Ministry program summary

Operating expense

Vote Program Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
1201 Ministry Administration Program $39,612,300 $40,679,100 ($1,066,800) $35,870,235
1202 Agencies, Income Security and Pensions Policy Program $108,963,100 $100,675,600 $8,287,500 $101,924,101
1203 Economic, Fiscal, and Financial Policy Program $715,527,600 $1,108,311,100 ($392,783,500) $1,727,942,643
1204 Financial Services Industry Regulation Program $2,489,600 $2,489,600 - $1,532,459
1209 Tax and Benefits Administration Program $435,627,600 $402,273,900 $33,353,700 $328,546,002
1210 澳门永利 Retirement Pension Plan Program $1,531,000 $14,000,000 ($12,469,000) -
  Total operating expense to be voted $1,303,751,200 $1,668,429,300 ($364,678,100) $2,195,815,440
  Statutory appropriations        
  Treasury Program $11,307,428,600 $10,802,901,200 $504,527,400 $10,039,921,083
  Other statutory appropriations $50,805,629 $37,589,729 $13,215,900 $89,115,154
  Ministry total operating expense $12,661,985,429 $12,508,920,229 $153,065,200 $12,324,851,677
  Consolidation adjustment - 澳门永利 Financing Authority $26,187,000 $25,679,000 $508,000 $22,362,000
  Consolidation adjustment - 澳门永利 Securities Commission $105,256,100 $100,238,100 $5,018,000 $87,365,300
  Consolidation adjustment - 澳门永利 Electricity Financial Corporation $521,079,400 $315,000,000 $206,079,400 ($74,788,595)
  Other adjustments - Financial Services Commission of 澳门永利 $97,581,800 $106,440,100 ($8,858,300) $86,373,183
  Consolidation adjustment - Treasury Program $585,680,300 $704,319,600 ($118,639,300) $735,062,403
  Consolidation adjustment - Treasury Program - interest capitalization for other sectors ($137,108,900) ($97,120,800) ($39,988,100) ($140,101,419)
  Total including consolidation & other adjustments $13,860,661,129 $13,663,476,229 $197,184,900 $13,041,124,549

Operating assets

Vote Program Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
1203 Economic, Fiscal, and Financial Policy Program - $87,000,000 ($87,000,000) -
1204 Financial Services Industry Regulation Program $1,000 $1,000 - -
1209 Tax and Benefits Administration Program $400,000 $350,000 $50,000 $199,961
1210 澳门永利 Retirement Pension Plan Program - $1,000 ($1,000) -
  Total operating assets to be voted $401,000 $87,352,000 ($86,951,000) $199,961
  Statutory appropriations $268,200,000 $28,200,000 $240,000,000 $27,247,649
  Ministry total operating assets $268,601,000 $115,552,000 $153,049,000 $27,447,610

Capital expense

Vote Program Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
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 澳门永利 Program $1,000 $1,000 - -
1209 Tax and Benefits Administration Program $1,000 $1,000 - -
  Total capital expense to be voted $5,000 $5,000 - -
  Statutory appropriations        
  Trillium Trust Program $1,000 - $1,000 -
  Other statutory appropriations $2,640,600 $2,640,600 - $2,637,609
  Ministry total capital expense $2,646,600 $2,645,600 $1,000 $2,637,609
  Consolidation adjustment - 澳门永利 Financing Authority $881,000 $848,000 $33,000 $789,000
  Consolidation adjustment - 澳门永利 Securities Commission $3,058,700 $2,913,100 $145,600 $2,702,000
  Total including consolidation & other adjustments $6,586,300 $6,406,700 $179,600 $6,128,609

Capital assets

Vote Program Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
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 $4,868,700 $4,046,400 $822,300 $3,000,529
1209 Tax and Benefits Administration Program $1,000 $1,000 - -
  Total capital assets to be voted $4,871,700 $4,049,400 $822,300 $3,000,529
  Statutory appropriations        
  Trillium Trust Program $1,000 - $1,000 -
  Ministry total capital assets $4,872,700 $4,049,400 $823,300 $3,000,529
  Ministry total operating and capital Including consolidation and other adjustments (not including assets) $13,867,247,429 $13,669,882,929 $197,364,500 $13,047,253,158

Reconciliation to previously published data - operating expense

Operating expense 2015‑16 Estimates 2014‑15 Actual
Total operating expense previously published footnote 1 $12,415,500,529 $12,280,255,551
Government reorganization    
Transfer of functions from other Ministries $93,419,700 $93,419,700
Transfer of functions to other Ministries - ($48,823,574)
Restated total operating expense $12,508,920,229 $12,324,851,677

Reconciliation to previously published data - operating asset

Operating assets 2015‑16 Estimates 2014‑15 Actual
Total operating assets previously published footnote 2 $28,552,000 $707,706,294
Government reorganization    
Transfer of functions to other Ministries - ($680,258,684)
Supplementary estimates    
2015-2016 supplementary estimates $87,000,000 -
Restated Total operating assets $115,552,000 $27,447,610

Ministry Administration Program - vote 1201

This program, which includes the Offices of the Minister, Associate Minister (澳门永利 Retirement Pension Plan), and Deputy Minister, delivers planning, advisory, legal, and controllership functions to ensure direction and management of operating programs consistent with 澳门永利 Government policy and legislation. In addition, the program manages the service relationships with Treasury Board Secretariat and the Ministry of Government and Consumer Services, ensures proper levels of support to the ministry and its client groups, and strategically manages the ministry’s quality service commitments.

Vote summary

Operating expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
1 Ministry administration $39,612,300 $40,679,100 ($1,066,800) $35,870,235
  Total operating expense to be voted $39,612,300 $40,679,100 ($1,066,800) $35,870,235
S Minister’s salary, the Executive Council Act $47,841 $47,841 - $49,301
S Minister without portfolio’s salary, the Executive Council Act $21,715 $21,715 - -
S Parliamentary assistant’s salary, the Executive Council Act $16,173 $16,173 - $16,667
S Bad debt expense, the Financial Administration Act $1,000 $1,000 - -
  Total statutory appropriations $86,729 $86,729 - $65,968
  Total operating expense $39,699,029 $40,765,829 ($1,066,800) $35,936,203

Capital expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
3 Ministry administration $1,000 $1,000 - -
  Total capital expense to be voted $1,000 $1,000 - -
S 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

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
2 Ministry administration $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

Operating expense

Vote-item number Standard account by item and sub-items Amount Amount
1201-1 Ministry administration    
  Salaries and wages   $17,620,600
  Employee benefits   $2,536,000
  Transportation and communication   $1,131,300
  Services   $17,474,200
  Supplies and equipment   $850,200
  Total operating expense to be voted   $39,612,300
  Sub-items:    
  Main office    
  Salaries and wages $3,614,400  
  Employee benefits $389,600  
  Transportation and communication $305,400  
  Services $353,700  
  Supplies and equipment $77,200 $4,740,300
  Financial and administrative services    
  Salaries and wages $7,253,700  
  Employee benefits $1,469,100  
  Transportation and communication $428,200  
  Services $7,303,300  
  Supplies and equipment $353,900 $16,808,200
  Human resources    
  Salaries and wages $1,471,800  
  Employee benefits $208,200  
  Transportation and communication $35,200  
  Services $179,500  
  Supplies and equipment $64,800 $1,959,500
  Communications services    
  Salaries and wages $5,280,700  
  Employee benefits $469,100  
  Transportation and communication $73,600  
  Services $291,400  
  Supplies and equipment $164,100 $6,278,900
  Legal services    
  Transportation and communication $255,300  
  Services $7,728,800  
  Supplies and equipment $173,400 $8,157,500
  Audit services    
  Transportation and communication $33,600  
  Services $1,617,500  
  Supplies and equipment $16,800 $1,667,900
  Total operating expense to be voted   $39,612,300
  Statutory appropriations    
Statutory Minister’s salary, the Executive Council Act   $47,841
Statutory Minister without portfolio’s salary, the Executive Council Act   $21,715
Statutory Parliamentary assistant’s salary, the Executive Council Act   $16,173
  Statutory appropriations    
  Other transactions    
Statutory Bad debt expense, the Financial Administration Act   $1,000
  Total operating expense for Ministry Administration Program   $39,699,029

Capital expense

Vote-item number Standard account by item and sub-items Amount
1201-3 Ministry administration  
  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 Ministry Administration Program $2,000

Capital assets

Vote-item number Standard account by item and sub-items Amount
1201-2 Ministry administration  
  Land and marine fleet - asset costs $1,000
  Total capital assets to be voted $1,000
  Total capital assets for Ministry Administration Program $1,000

Agencies, Income Security and Pensions Policy Program - vote 1202

This program includes pension and income security policy analysis, policy development and legislation. This program is responsible for tracking emerging trends and developments and identifying the economic and fiscal implications of pension and income security policies, and for advising and assisting the Deputy Minister of Finance, the Minister and the government in formulating major economic, fiscal and policy documents. This program is also responsible for facilitating the Minister’s oversight and accountability of the Liquor Control Board of 澳门永利, the 澳门永利 Lottery and Gaming Corporation, including the horse-racing sector, and for managing the 澳门永利 Deposit Return Program for beverage alcohol containers.

Vote summary

Operating expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
6 Income Security and Pension Policy $11,180,300 $4,308,000 $6,872,300 $6,169,964
7 Revenue agencies oversight $97,782,800 $96,367,600 $1,415,200 $95,754,137
  Total operating expense to be voted $108,963,100 $100,675,600 $8,287,500 $101,924,101
  Total operating expense $108,963,100 $100,675,600 $8,287,500 $101,924,101

Standard account by item and sub-items

Operating expense

Vote-item number Standard account by item and sub-items Amount Amount
1202-6 Income Security and Pension Policy    
  Salaries and wages   $4,461,400
  Employee benefits   $528,200
  Transportation and communication   $37,000
  Services   $1,107,900
  Supplies and equipment   $44,800
  Transfer payments    
  Basic income pilot $5,000,000  
  Transition fund $1,000 $5,001,000
  Total operating expense to be voted   $11,180,300
1202-7 Revenue agencies oversight    
  Salaries and wages   $2,912,500
  Employee benefits   $360,700
  Transportation and communication   $62,200
  Services   $1,143,100
  Supplies and equipment   $97,000
  Transfer payments    
  Horse Racing Partnership Funding Program   $93,419,700
  Subtotal   $97,995,200
  Less: recoveries   $212,400
  Total operating expense to be voted   $97,782,800
  Total operating expense for agencies, Income Security and Pensions Policy Program   $108,963,100

Economic, Fiscal, and Financial Policy Program - vote 1203

This program develops and implements sound economic, tax and inter-governmental taxation and fiscal strategies to stimulate economic growth and job creation; forecasts, monitors and reports on the performance of the 澳门永利 economy; provides expertise and advice on sound economic design of government initiatives; develops demographic forecasts for 澳门永利 and its 49 census divisions; develops the policy and legislative framework for 澳门永利’s taxation and benefits systems and the financial services industry; develops and provides strategic oversight of and advice related to the government’s fiscal plan; assists the Minister of Finance and the government in formulating 澳门永利’s finance policy and strategies with respect to federal-provincial fiscal arrangements; develops, monitors and reports on the fiscal plan strategies and results for the province; provides analysis and advice regarding 澳门永利’s interest in, and regulation of, the provincial financial services sector and regulatory agencies, such as insurance, deposit taking and the capital markets, including the proposed Co-operative Capital Markets Regulatory System; and provides policy advice to clients, managers, and decision makers in the areas of fiscal and financial management. The program provides oversight and advice on provincial-municipal issues within the context of the Province’s fiscal plan, working closely with other ministries and municipal stakeholders. The program also advises on tax policies affecting Ontarians, including personal income tax policy, payroll tax policy, estate administration tax policy; corporate tax policy; commodity tax policy; and sales tax policy, assessment and property tax policy, grants to municipalities, and education property tax rates, as well as providing oversight of the property assessment system and the province’s main transfer payment to municipalities. In addition, the program reflects the transfer of dedicated electricity earnings from the province to the 澳门永利 Electricity Financial Corporation.

This program assists the Minister, Deputy Minister of Finance and the government in formulating the fiscal plan and reporting the results of the Province through the 澳门永利 Budget, 澳门永利 Quarterly Finances, 澳门永利 Economic Accounts, Economic Outlook and Fiscal Review, and 澳门永利’s Public Accounts. The program undertakes annual population projections for use in resource allocation and planning, leads preparation of the Long-term Report on the Economy and contributes to the Pre-Election Report on 澳门永利’s Finances required by the Fiscal Transparency and Accountability Act.

Vote summary

Operating expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
1 Economic policy $12,719,300 $11,118,600 $1,600,700 $10,482,875
4 Financial Services Policy Division $4,577,700 $2,319,500 $2,258,200 $2,840,397
5 Provincial-local finance $23,707,500 $20,532,500 $3,175,000 $19,133,038
6 Municipal support programs $521,822,400 $568,722,400 ($46,900,000) $647,067,400
8 Office of the budget $3,504,300 $2,239,400 $1,264,900 $2,239,400
23 Taxation policy $11,377,700 $11,377,700 - $8,087,700
12 澳门永利 Electricity Financial Corporation dedicated electricity earnings $137,818,700 $492,000,000 ($354,181,300) $1,038,000,000
- Expenses related to auto sector shares - $1,000 ($1,000) $91,833
  Total operating expense to be voted $715,527,600 $1,108,311,100 ($392,783,500) $1,727,942,643
S Bad debt expense, the Financial Administration Act - - - $37,500,000
S Guarantees and indemnities, the Financial Administration Act $1,000 $1,000 - -
S Payments under the Tax Increment Financing Act, 2006 $1,000 $1,000 - -
  Total statutory appropriations $2,000 $2,000 - $37,500,000
  Total operating expense $715,529,600 $1,108,313,100 ($392,783,500) $1,765,442,643

Operating assets

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
- Strategic assets – loans and investments - $87,000,000 ($87,000,000) -
  Total operating assets to be voted - $87,000,000 ($87,000,000) -
  Total operating assets - $87,000,000 ($87,000,000) -

Capital expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
14 Economic, Fiscal, and Financial Policy Program $1,000 $1,000 - -
  Total capital expense to be voted $1,000 $1,000 - -
S 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

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
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

Operating expense

Vote-item number Standard account by item and sub-items Amount Amount
1203-1 Economic policy    
  Salaries and wages   $8,876,100
  Employee benefits   $1,093,600
  Transportation and communication   $166,100
  Services   $1,774,500
  Supplies and equipment   $308,000
  Transfer payments    
  Grants in support of economic and financial services policy research   $501,000
  Total operating expense to be voted   $12,719,300
1203-4 Financial Services Policy Division    
  Salaries and wages   $3,052,600
  Employee benefits   $416,500
  Transportation and communication   $51,500
  Services   $1,011,500
  Supplies and equipment   $45,600
  Total operating expense to be voted   $4,577,700
1203-5 Provincial-Local finance    
  Salaries and wages   $6,833,200
  Employee benefits   $899,100
  Transportation and communication   $223,000
  Services   $15,637,200
  Supplies and equipment   $115,000
  Total operating expense to be voted   $23,707,500
1203-6 Municipal support programs    
  Transfer payments    
  澳门永利 Municipal Partnership Fund $505,000,000  
  Special payments to municipalities $16,822,400 $521,822,400
  Total operating expense to be voted   $521,822,400
1203-8 Office of the budget    
  Salaries and wages   $2,767,300
  Employee benefits   $321,800
  Transportation and communication   $41,600
  Services   $361,300
  Supplies and equipment   $12,300
  Total operating expense to be voted   $3,504,300
1203-23 Taxation policy    
  Salaries and wages   $6,997,400
  Employee benefits   $1,030,500
  Transportation and communication   $211,900
  Services   $2,933,800
  Supplies and equipment   $204,100
  Total operating expense to be voted   $11,377,700
1203-12 澳门永利 Electricity Financial Corporation dedicated electricity earnings    
  Other transactions    
  Electricity sector dedicated income   $137,818,700
  Total operating expense to be voted   $137,818,700
  Statutory appropriations    
  Other transactions    
Statutory Guarantees and indemnities, the Financial Administration Act   $1,000
  Statutory appropriations    
  Transfer payments    
Statutory Payments under the Tax Increment Financing Act, 2006   $1,000
  Total operating expense for Economic, Fiscal, and Financial Policy Program   $715,529,600

Capital expense

Vote-item number Standard account by item and sub-items Amount
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

Vote-item number Standard account by item and sub-items Amount
1203-13 Economic, Fiscal and Financial Policy Program  
  Land and marine fleet - asset costs $1,000
  Total capital assets to be voted $1,000
  Total capital assets for Economic, Fiscal, and Financial Policy Program $1,000

Financial Services Industry Regulation Program - vote 1204

The Financial Services Commission of 澳门永利 (FSCO) regulates the province’s financial services sector, including insurance companies, health service providers for auto insurance, pension plans, credit unions, caisses populaires, mortgage brokers, agents and administrators, loan and trust companies, and co-operatives. FSCO also makes recommendations to the Minister of Finance on matters affecting these sectors. In addition, FSCO is responsible for the administration of the Motor Vehicle Accident Claims Fund (MVACF) which compensates people injured in automobile accidents in 澳门永利 where there is no other insurance available to respond to the claim. FSCO is also responsible for the administration of the Pension Benefits Guarantee Fund (PBGF). The PBGF pays a minimum level of pension benefits if a plan is wound up with insufficient assets.

FSCO works with the Ministry of Finance, consumers and industry stakeholders to protect the public interest and enhance public confidence in the regulated sectors.

Vote summary

Operating expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
1 Financial Services Commission of 澳门永利 $2,488,600 $2,488,600 - $1,532,459
2 Motor Vehicle Accident Claims Fund $1,000 $1,000 - -
  Total operating expense to be voted $2,489,600 $2,489,600 - $1,532,459
S Bad debt expense, the Financial Administration Act $1,000 $1,000 - -
  Total statutory appropriations $1,000 $1,000 - -
  Total operating expense $2,490,600 $2,490,600 - $1,532,459

Operating assets

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
5 Financial Services Industry Regulation Program $1,000 $1,000 - -
  Total operating assets to be voted $1,000 $1,000 - -
  Total operating assets $1,000 $1,000 - -

Capital expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
4 Financial Services Industry Regulation Program $1,000 $1,000 - -
  Total capital expense to be voted $1,000 $1,000 - -
S 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

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
3 Financial Services Industry Regulation Program $4,868,700 $4,046,400 $822,300 $3,000,529
  Total capital assets to be voted $4,868,700 $4,046,400 $822,300 $3,000,529
  Total capital assets $4,868,700 $4,046,400 $822,300 $3,000,529

Standard account by item and sub-items

Operating expense

Vote-item number Standard account by item and sub-items Amount
1204-1 Financial Services Commission of 澳门永利  
  Salaries and wages $42,292,500
  Employee benefits $11,250,000
  Transportation and communication $1,014,200
  Services $44,935,900
  Supplies and equipment $577,800
  Subtotal $100,070,400
  Less: recoveries $97,581,800
  Total operating expense to be voted $2,488,600
1204-2 Motor Vehicle Accident Claims Fund  
  Salaries and wages $2,323,300
  Employee benefits $348,500
  Transportation and communication $88,600
  Services $7,640,500
  Supplies and equipment $174,400
  Subtotal $10,575,300
  Less: recoveries $10,574,300
  Total operating expense to be voted $1,000
  Statutory appropriations  
  Other transactions  
Statutory Bad debt expense, the Financial Administration Act $1,000
  Total operating expense for Financial Services Industry Regulation Program $2,490,600

Operating assets

Vote-item number Standard account by item and sub-items Amount
1204-5 Financial Services Industry Regulation Program  
  Deposits and prepaid expenses $1,000
  Total operating assets to be voted $1,000
  Total operating assets for Financial Services Industry Regulation Program $1,000

Capital expense

Vote-item number Standard account by item and sub-items Amount
1204-4 Financial Services Industry Regulation Program  
  Other transactions $1,000
  Total capital expense to be voted $1,000
  Statutory appropriations  
  Other transactions  
Statutory Amortization, the Financial Administration Act $1,037,800
  Less: recoveries $1,036,800
  Total capital expense for Financial Services Industry Regulation Program $2,000

Capital assets

Vote-item number Standard account by item and sub-items Amount
1204-3 Financial Services Industry Regulation Program  
  Information technology hardware $760,000
  Business application software - salaries and wages $1,389,900
  Business application software - employee benefits $309,300
  Business application software - asset costs $2,409,500
  Total capital assets to be voted $4,868,700
  Total capital assets for Financial Services Industry Regulation Program $4,868,700

Investing in 澳门永利 Program - vote 1208

The Investing in 澳门永利 program has responsibility for the distribution of all or part of the consolidated surplus for a fiscal year (reduced by any allocation to the reduction of the accumulated deficit that may be prescribed by regulation) to eligible recipients for the purposes, and in the manner as may be prescribed by regulation. Eligible recipients must also be prescribed by regulation and may only include entities, other than individuals, that do not carry on their activities for the purposes of gain or profit.

Vote summary

Capital expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
1 Investing in 澳门永利 $1,000 $1,000 - -
  Total capital expense to be voted $1,000 $1,000 - -
  Total capital expense $1,000 $1,000 - -

Standard account by item and sub-items

Capital expense

Vote-item number Standard account by item and sub-items Amount
1208-1 Investing in 澳门永利  
  Transfer payments  
  Investing in 澳门永利 Act, 2008 $1,000
  Total capital expense to be voted $1,000
  Total capital expense for Investing in 澳门永利 Program $1,000

Tax and Benefits Administration Program - vote 1209

This program is responsible for the effective and efficient administration of 澳门永利 tax statutes and a number of benefit programs and for maintaining the integrity of 澳门永利’s tax system. It conducts tax compliance activities including audit, inspection, investigation and collections and delivers key benefit programs for low-income seniors and families. Central to this role is the provision of high quality services to clients including information and advisory services. Accountability for managing the relationship with the Canada Revenue Agency, which collects the majority of the province’s taxes on its behalf, also rests with this program. The program leads the province’s efforts in addressing the underground economy, contraband tobacco, corporate tax avoidance, and other revenue integrity measures. In addition, the program supports the delivery of enterprise-wide initiatives such as the collection of non-tax revenues and benefits transformation, including providing automated income verification and related administrative services for various programs such as the Ministry of the Attorney General’s Child Support Service. The program also works in partnership with First Nations on a range of issues including tobacco. In limited circumstances, the program provides grants to not-for-profit organizations and selected First Nations communities related to tax administration.

Vote summary

Operating expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
1 Tax and benefits administration $435,627,600 $402,273,900 $33,353,700 $328,546,002
  Total operating expense to be voted $435,627,600 $402,273,900 $33,353,700 $328,546,002
S Payments to private collection agencies, the Financial Administration Act $5,500,000 $5,500,000 - $4,901,923
S Bad debt expense, the Financial Administration Act $45,215,900 $32,000,000 $13,215,900 $46,647,263
  Total statutory appropriations $50,715,900 $37,500,000 $13,215,900 $51,549,186
  Total operating expense $486,343,500 $439,773,900 $46,569,600 $380,095,188

Operating assets

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
2 Assets $400,000 $350,000 $50,000 $199,961
  Total operating assets to be voted $400,000 $350,000 $50,000 $199,961
S Advances, the Education Act $19,600,000 $19,600,000 - $18,831,561
S Advances, the Northern Services Boards Act $4,100,000 $4,100,000 - $3,928,173
S Advances, the Local Roads Boards Act $4,500,000 $4,500,000 - $4,487,915
  Total statutory appropriations $28,200,000 $28,200,000 - $27,247,649
  Total operating assets $28,600,000 $28,550,000 $50,000 $27,447,610

Capital expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
3 Tax and benefits $1,000 $1,000 - -
  Total capital expense to be voted $1,000 $1,000 - -
S Amortization, the Financial Administration Act $2,637,600 $2,637,600 - $2,637,609
  Total statutory appropriations $2,637,600 $2,637,600 - $2,637,609
  Total capital expense $2,638,600 $2,638,600 - $2,637,609

Capital assets

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
4 Tax and benefits $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

Operating expense

Vote-item number Standard account by item and sub-items Amount Amount Amount
1209-1 Tax and benefits administration      
  Salaries and wages     $86,480,400
  Employee benefits     $13,362,900
  Transportation and communication     $3,936,000
  Services     $195,142,000
  Supplies and equipment     $2,107,300
  Transfer payments      
  Guaranteed annual income system   $137,607,600  
  Small business transition support   $1,000  
  Tax compliance partnership agreements   $15,000 $137,623,600
  Subtotal     $438,652,200
  Less: recoveries     $3,024,600
  Total operating expense to be voted     $435,627,600
  Sub-items:      
  Strategy, stewardship and program policy      
  Salaries and wages   $19,441,900  
  Employee benefits   $3,266,200  
  Transportation and communication   $635,000  
  Services   $163,702,900  
  Supplies and equipment   $637,100  
  Transfer payments      
  Tax compliance partnership agreements   $15,000 $187,698,100
  Tax compliance and benefits      
  Salaries and wages   $67,038,500  
  Employee benefits   $10,096,700  
  Transportation and communication   $3,301,000  
  Services   $31,439,100  
  Supplies and equipment   $1,470,200  
  Transfer payments      
  Guaranteed annual income system $137,607,600    
  Small business transition support $1,000 $137,608,600  
  Subtotal   $250,954,100  
  Less: recoveries   $3,024,600 $247,929,500
  Total operating expense to be voted     $435,627,600
  Statutory appropriations      
  Services      
Statutory Payments to private collection agencies, the Financial Administration Act     $5,500,000
  Statutory appropriations      
  Other transactions      
Statutory Bad debt expense, the Financial Administration Act     $45,215,900
  Total operating expense for Tax and Benefits Administration Program     $486,343,500

Operating assets

Vote-item number Standard account by item and sub-items Amount
1209-2 Assets  
  Advances and recoverable amounts  
  Guaranteed annual income system $400,000
  Total operating assets to be voted $400,000
  Statutory appropriations  
  Advances and recoverable amounts  
Statutory Advances, the Education Act $19,600,000
Statutory Advances, the Northern Services Boards Act $4,100,000
Statutory Advances, the Local Roads Boards Act $4,500,000
  Total operating assets for Tax and Benefits Administration Program $28,600,000

Capital expense

Vote-item number Standard account by item and sub-items Amount
1209-3 Tax and benefits  
  Other transactions $1,000
  Total capital expense to be voted $1,000
  Statutory appropriations  
  Other transactions  
Statutory Amortization, the Financial Administration Act $2,637,600
  Total capital expense for Tax and Benefits Administration Program $2,638,600

Capital assets

Vote-item number Standard account by item and sub-items Amount
1209-4 Tax and benefits  
  Land and marine fleet - asset costs $1,000
  Total capital assets to be voted $1,000
  Total capital assets for Tax and Benefits Administration Program $1,000

澳门永利 Retirement Pension Plan Program - vote 1210

This program is responsible for supporting implementation of the 澳门永利 Retirement Pension Plan by leading strategic policy and legislative functions related to the Plan. The program will also assist with transitional activities associated with establishment of the 澳门永利 Retirement Pension Plan Administration Corporation.

Vote summary

Operating expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
1 澳门永利 Retirement Pension Plan $1,531,000 $14,000,000 ($12,469,000) -
  Total operating expense to be voted $1,531,000 $14,000,000 ($12,469,000) -
  Total operating expense $1,531,000 $14,000,000 ($12,469,000) -

Operating assets

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
- 澳门永利 Retirement Pension Plan - $1,000 ($1,000) -
  Total operating assets to be voted - $1,000 ($1,000) -
S Loans, the 澳门永利 Retirement Pension Plan Administration Corporation Act, 2015 $240,000,000 - $240,000,000 -
  Total statutory appropriations $240,000,000 - $240,000,000 -
  Total operating assets $240,000,000 $1,000 $239,999,000 -

Standard account by item and sub-items

Operating expense

Vote-item number Standard account by item and sub-items Amount
1210-1 澳门永利 Retirement Pension Plan  
  Salaries and wages $860,000
  Employee benefits $141,000
  Transportation and communication $50,000
  Services $474,000
  Supplies and equipment $5,000
  Transfer payments  
  澳门永利 Retirement Pension Plan $1,000
  Total operating expense to be voted $1,531,000
  Total operating expense for 澳门永利 Retirement Pension Plan Program $1,531,000

Operating assets

Vote-item number Standard account by item and sub-items Amount
  Statutory appropriations  
  Loans and Investments  
Statutory Loans, the 澳门永利 Retirement Pension Plan Administration Corporation Act, 2015 $240,000,000
  Total operating assets for 澳门永利 Retirement Pension Plan Program $240,000,000

Treasury Program

This program is responsible for the development, direction, operation and formulation of policies for the management of the Province’s debt, investments, credit ratings, 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 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 澳门永利 Savings Bonds. The 澳门永利 Financing Authority (OFA) provides a broad range of financial services to 澳门永利 Electricity Financial Corporation (OEFC) and 澳门永利 Infrastructure and Lands Corporation (Infrastructure 澳门永利).

Vote summary

Operating expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
S Interest on Debt, the Financial Administration Act $11,307,428,600 $10,802,901,200 $504,527,400 $10,039,921,083
  Total operating expense $11,307,428,600 $10,802,901,200 $504,527,400 $10,039,921,083

Standard account by item and sub-items

Operating expense

Vote-item number Standard account by item and sub-items Amount Amount
Statutory Statutory appropriations interest on debt, the Financial Administration Act    
  Interest on 澳门永利 securities    
  For general purposes $10,825,160,100  
  Canada Pension Plan Investment Board $503,424,000  
  Canada Mortgage and Housing Corporation $4,407,000  
  澳门永利 Immigrant Investor Corporation $888,000 $11,333,879,100
  Less: interest on investments   $464,576,000
  Less: interest capitalized in Ministry appropriations   $45,829,500
  Less: other interest, exchange, discount and commission   $36,045,000
      $10,787,428,600
  Interest on debt payable to 澳门永利 Electricity Financial Corporation   $520,000,000
  Total operating expense for Treasury Program   $11,307,428,600

Trillium Trust Program

The Trillium Trust provides for the dedication of prescribed net revenue gains / fiscal benefits from the sale of designated assets to help support investments in infrastructure, such as roads, bridges, transit and other priority infrastructure.

Vote summary

Capital expense

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
S Infrastructure expenditures, the Trillium Trust Act $1,000 - $1,000 -
  Total statutory appropriations $1,000 - $1,000 -
  Total capital expense $1,000 - $1,000 -

Capital assets

Item number Item Estimates 2016‑2017 Estimates 2015‑16 Difference between 2016‑17 and 2015‑16 Actual 2014‑15
S Infrastructure expenditures, the Trillium Trust Act $1,000 - $1,000 -
  Total statutory appropriations $1,000 - $1,000 -
  Total capital assets $1,000 - $1,000 -

Standard account by item and sub-items

Capital expense

Vote-item number Standard account by item and sub-items Amount
  Statutory appropriations infrastructure expenditures, the Trillium Trust Act  
  Other transactions  
Statutory Transfers from Trillium Trust $1,000
  Total capital expense for Trillium Trust Program $1,000

Capital assets

Vote-item number Standard account by item and sub-items Amount
  Statutory appropriations infrastructure expenditures, the Trillium Trust Act  
Statutory Investments in tangible capital assets $1,000
  Total capital assets for Trillium Trust Program $1,000