Analysis of Ontario government revenue
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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)
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
Canada excluding Ontario
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.
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
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.
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.
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 .