analysis of ontario government revenue

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Table 385-0002 Federal, provincial and territorial general government revenue and expenditures, for fiscal year Survey or program details: Consolidated Government Revenue and Expenditures - 1735 Geography Revenue 2009 (X 1000000) CANSIM Table 379- 0030 -- GDP at basic prices ( X 1000000) Percent of GDP Newfoundland and Labrador Total revenue 7545 23,225.30 32.5% NFLD Own source revenue 3658 23,225.30 15.8% Prince Edward Island Total revenue 1396 4,570.10 30.5% PEI Own source revenue 859 4,570.10 18.8% Nova Scotia Total revenue 8775 32,351.60 27.1% Nova Scotia Own source revenue 5348 32,351.60 16.5% New Brunswick Total revenue 7323 26,584.10 27.5% New Brunswick Own source revenue 4725 26,584.10 17.8% Quebec (12) Total revenue 80898 296,316.50 27.3% Quebec Own source revenue 65521 296,316.50 22.1% Ontario Ontario Total revenue 96139 557,099.70 17.3% Ontario Ontario own source reven 80220 557,099.70 14.4% Manitoba Total revenue 11791 47,180.30 25.0% Manitoba Own source revenue 8004 47,180.30 17.0% Saskatchewan Total revenue 13933 57,241.80 24.3% Saskatchewan Own source revenue 12019 57,241.80 21.0% Alberta (17) Total revenue 40224 238,704.10 16.9% Alberta Own source revenue 36263 238,704.10 15.2% British Columbia Total revenue 36610 181,675.30 20.2% British Columbia Own source revenue 30458 181,675.30 16.8% Footnotes: Total revenue average 24.9% 1 Own source revenue average 17.5% 2 12 Canada excluding Ontario Canada excluding Ontario -- total revenue 25.7% 17 Canada excluding Ontario Canada excluding Ontario -- own source 17.9% 20 Source: Statistics Canada. Table 385-0002 - Federal, provincial and territorial general government revenue and expendi (accessed: July 14, 2014)

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Two spreadsheets, both dealing with Ontario government revenue. The first (Provincial Revenue...) analyses ten year fiscal and economic data from the 2014 Ontario Budget. The second (spreadsheet 1) analyses revenue data from Stats Can for provinces across Canada in 2009.

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Page 1: Analysis of Ontario government revenue

Table 385-0002 Federal, provincial and territorial general government revenue and expenditures, for fiscal year ending March 31, annual (dollars x 1,000,000)(1,20)

Survey or program details:

Consolidated Government Revenue and Expenditures - 1735

Geography Revenue

2009 (X

1000000)

CANSIM Table 379-

0030 -- GDP at basic

prices ( X 1000000)

Percent of

GDP

Newfoundland and Labrador Total revenue 7545 23,225.30 32.5%

NFLD Own source revenue 3658 23,225.30 15.8%

Prince Edward Island Total revenue 1396 4,570.10 30.5%

PEI Own source revenue 859 4,570.10 18.8%

Nova Scotia Total revenue 8775 32,351.60 27.1%

Nova Scotia Own source revenue 5348 32,351.60 16.5%

New Brunswick Total revenue 7323 26,584.10 27.5%

New Brunswick Own source revenue 4725 26,584.10 17.8%

Quebec (12) Total revenue 80898 296,316.50 27.3%

Quebec Own source revenue 65521 296,316.50 22.1%

Ontario Ontario Total revenue 96139 557,099.70 17.3%

Ontario Ontario own source revenue 80220 557,099.70 14.4%

Manitoba Total revenue 11791 47,180.30 25.0%

Manitoba Own source revenue 8004 47,180.30 17.0%

Saskatchewan Total revenue 13933 57,241.80 24.3%

Saskatchewan Own source revenue 12019 57,241.80 21.0%

Alberta (17) Total revenue 40224 238,704.10 16.9%

Alberta Own source revenue 36263 238,704.10 15.2%

British Columbia Total revenue 36610 181,675.30 20.2%

British Columbia Own source revenue 30458 181,675.30 16.8%

Footnotes: Total revenue average 24.9%

1

Own source revenue

average 17.5%

2

12 Canada excluding Ontario

Canada excluding

Ontario -- total revenue 25.7%

17 Canada excluding Ontario

Canada excluding

Ontario -- own source 17.9%

20

Source:

Statistics Canada. Table 385-0002 - Federal, provincial and territorial general government revenue and expenditures, for fiscal year ending March 31, annual (dollars)

(accessed: July 14, 2014)

Page 2: Analysis of Ontario government revenue

Table 385-0002 Federal, provincial and territorial general government revenue and expenditures, for fiscal year ending March 31, annual (dollars x 1,000,000)(1,20)

Population

Revenue per

capita

516,147 14,617.93$

516,147 7,087.13$

139,730 9,990.70$

139,730 6,147.57$

938,367 9,351.35$

938,367 5,699.26$

749,640 9,768.69$

749,640 6,303.03$

7,832,800 10,328.11$

7,832,800 8,364.95$

12,983,106 7,404.93$

12,983,106 6,178.80$

1,206,574 9,772.30$

1,206,574 6,633.66$

1,032,532 13,494.01$

1,032,532 11,640.32$

3,667,912 10,966.46$

3,667,912 9,886.55$

4,405,052 8,310.91$

4,405,052 6,914.33$

10,400.54$

7,485.56$

Statistics Canada. Table 385-0002 - Federal, provincial and territorial general government revenue and expenditures, for fiscal year ending March 31, annual (dollars)

12.0%

14.0%

16.0%

18.0%

20.0%

22.0%

Own source revenue as % of GDP

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

22.0%

24.0%

26.0%

28.0%

Ontario Canada excluding Ontario

Total revenue as % of GDP

10.0%

11.0%

12.0%

13.0%

14.0%

15.0%

16.0%

17.0%

18.0%

Own source revenue as% of GDP

Ontario

Canada excluding Ontario

$6,000.00 $7,000.00 $8,000.00 $9,000.00

$10,000.00 $11,000.00 $12,000.00 $13,000.00 $14,000.00 $15,000.00

Government revenue per capita

Page 3: Analysis of Ontario government revenue

Canada excluding Ontario

Page 4: Analysis of Ontario government revenue

Actual 

2005–06 2006–07 2007–08 2008–09 2009–10 2010–11 2011–12 2012–13

Revenue 90,738 97,120 104,115 97,532 96,313 107,175 109,773 113,369

Revenue per capita 7,243 7,670 8,157 7,571 7,410 8,159 8,276 8,453

Revenue as % of GDP 16.4% 16.9% 17.4% 16.1% 16.2% 17.0% 16.8% 16.8%

Expense

Programs 81,421 86,020 94,601 95,375 106,856 111,706 112,660 112,248

Interest on Debt3 9,019 8,831 8,914 8,566 8,719 9,480 10,082 10,341

Total Expense 90,440 94,851 103,515 103,941 115,575 121,186 122,742 122,589

Surplus/(Deficit)

Before Reserve

298 2,269 600 -6,409 -19,262 -14,011 -12,969 -9,220

Reserve – – – – – – – –

Surplus/(Deficit) 298 2,269 600 -6,409 -19,262 -14,011 -12,969 -9,220

Net Debt4 152,702 153,742 156,616 169,585 193,589 214,511 235,582 252,088

Accumulated Deficit 109,155 106,776 105,617 113,238 130,957 144,573 158,410 167,132

Gross Domestic

Product (GDP) at

Market Prices

552,769 574,292 597,803 604,282 595,433 629,500 654,715 674,485

Primary Household

Income

363,479 382,688 401,978 413,032 413,152 425,140 443,501 458,683

Population — July

(000s)

12,528 12,662 12,764 12,883 12,998 13,135 13,264 13,412

Net Debt per Capita

(dollars)

12,189 12,142 12,270 13,164 14,894 16,331 17,762 18,796

Household Income

per Capita (dollars)

29,013 30,224 31,493 32,061 31,787 32,367 33,438 34,199

Interest on Debt as

a per cent of

Revenue

9.9 9.1 8.6 8.8 9.1 8.8 9.2 9.1

Net Debt as a per

cent of GDP

27.6 26.8 26.2 28.1 32.5 34.1 36 37.4

Accumulated Deficit

as a per cent

of GDP

19.7 18.6 17.7 18.7 22 23 24.2 24.8

1 Revenue and expense have been restated to reflect a fiscally neutral accounting change for the revised presentation of education property taxes, as described in the 2010 Ontario Budget ; a fiscally neutral accounting change related to the reclassification of government agencies and organizations as described in the 2011 Ontario Economic Outlook and Fiscal Review ; and a fiscally neutral reclassification of a number of tax measures that are transfers or grants, as described in the 2012 Ontario Budget .

2 Starting in 2009–10, investments in minor tangible capital assets owned by the Province were capitalized and amortized to expense. All capital assets owned by consolidated organizations are being accounted for in a similar manner.

3 Interest on debt is net of interest capitalized during construction of tangible capital assets of $234 million in 2011–12, $232 million in 2012–13, $225 million in 2013–14 and $336 million in 2014–15.

4 Starting in 2009–10, Net Debt includes the net debt of hospitals, school boards and colleges, consistent with Public Sector Accounting Board standards. For comparative purposes, Net Debt has been restated from 2005–06 to 2008–09 to conform with this revised presentation. Net Debt has also been restated in 2005–06 to reflect the value of hydro corridor lands transferred to the Province from Hydro One Inc.

Sources:  Statistics Canada and Ontario Ministry of Finance.

Page 5: Analysis of Ontario government revenue

Interim  Plan

2013–14 2014–15

115,653 118,871

8,543 8,638

16.7% 16.6%

116,396 119,366

10,556 11,010

126,952 130,376

-11,300 -11,505

– 1,000

-11,300 -12,505

269,155 289,251

177,260 189,765

692,418 716,933

472,122 487,720

13,538 13,762

19,881 21,019

34,874 35,441

9.1 9.3

38.9 40.3

25.6 26.5

1 Revenue and expense have been restated to reflect a fiscally neutral accounting change for the revised presentation of education property taxes, as described in the 2010 Ontario Budget ; a fiscally neutral accounting change related to the reclassification of government agencies and organizations as described in the 2011 Ontario Economic Outlook and Fiscal Review ; and a fiscally neutral reclassification of a number of tax measures that are transfers or grants, as described in the 2012 Ontario Budget .

2 Starting in 2009–10, investments in minor tangible capital assets owned by the Province were capitalized and amortized to expense. All capital assets owned by consolidated organizations are being accounted for in a similar manner.

3 Interest on debt is net of interest capitalized during construction of tangible capital assets of $234 million in 2011–12, $232 million in 2012–13, $225 million in 2013–14 and $336 million in 2014–15.

4 Starting in 2009–10, Net Debt includes the net debt of hospitals, school boards and colleges, consistent with Public Sector Accounting Board standards. For comparative purposes, Net Debt has been restated from 2005–06 to 2008–09 to conform with this revised presentation. Net Debt has also been restated in 2005–06 to reflect the value of hydro corridor lands transferred to the Province from Hydro One Inc.

15.5%

16.0%

16.5%

17.0%

17.5%

18.0%

Revenue as % of GDP

6,500

7,000

7,500

8,000

8,500

9,000

Ontario government revenue per capita

Page 6: Analysis of Ontario government revenue

1 Revenue and expense have been restated to reflect a fiscally neutral accounting change for the revised presentation of education property taxes, as described in the 2010 Ontario Budget ; a fiscally neutral accounting change related to the reclassification of government agencies and organizations as described in the 2011 Ontario Economic Outlook and Fiscal Review ; and a fiscally neutral reclassification of a number of tax measures that are transfers or grants, as described in the 2012 Ontario Budget .

4 Starting in 2009–10, Net Debt includes the net debt of hospitals, school boards and colleges, consistent with Public Sector Accounting Board standards. For comparative purposes, Net Debt has been restated from 2005–06 to 2008–09 to conform with this revised presentation. Net Debt has also been restated in 2005–06 to reflect the value of hydro corridor lands transferred to the Province from Hydro One Inc.

Page 7: Analysis of Ontario government revenue

1 Revenue and expense have been restated to reflect a fiscally neutral accounting change for the revised presentation of education property taxes, as described in the 2010 Ontario Budget ; a fiscally neutral accounting change related to the reclassification of government agencies and organizations as described in the 2011 Ontario Economic Outlook and Fiscal Review ; and a fiscally neutral reclassification of a number of tax measures that are transfers or grants, as described in the 2012 Ontario Budget .

4 Starting in 2009–10, Net Debt includes the net debt of hospitals, school boards and colleges, consistent with Public Sector Accounting Board standards. For comparative purposes, Net Debt has been restated from 2005–06 to 2008–09 to conform with this revised presentation. Net Debt has also been restated in 2005–06 to reflect the value of hydro corridor lands transferred to the Province from Hydro One Inc.

Page 8: Analysis of Ontario government revenue

1 Revenue and expense have been restated to reflect a fiscally neutral accounting change for the revised presentation of education property taxes, as described in the 2010 Ontario Budget ; a fiscally neutral accounting change related to the reclassification of government agencies and organizations as described in the 2011 Ontario Economic Outlook and Fiscal Review ; and a fiscally neutral reclassification of a number of tax measures that are transfers or grants, as described in the 2012 Ontario Budget .