EI Monitoring and Assessment Report 2012Annex 5 — EI Finances
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Annex 5.1 - Employment Insurance Operating Account
| 2011/12 | 2010/11 | |
|---|---|---|
| ($ Million) | ||
| Revenues and funding | ||
| Premiums1 | 18,938.3 | 17,861.6 |
| Interest2 | 20.9 | 11.1 |
| Penalties | 49.7 | 45.9 |
| Total Economic Action Plan (EAP) measures funding | 117.7 | 1,427.9 |
| Extra Five Weeks | 116.0 | 796.1 |
| Additional training funds | -22.5 | 500.0 |
| Work-Sharing | 0.0 | 49.0 |
| Career Transition Assistance Initiative | 24.2 | 82.9 |
| Total revenues and funding | 19,126.6 | 19,346.6 |
| Expenditures3 | ||
| Part I: Income Benefits | 15,797.1 | 17,465.0 |
| Regular Benefits | 11,220.8 | 12,958.9 |
| Fishing Benefits | 266.1 | 254.5 |
| Work-Sharing Benefits | 33.5 | 107.9 |
| Special Benefits | 4,276.7 | 4,143.6 |
| Part II: Employment Benefits and Support Measures | 2,081.7 | 2,605.4 |
| Employment Benefits4 | -0.7 | -1.4 |
| Support Measures | 154.8 | 158.0 |
| Labour Market Development Agreements | 1,927.6 | 2,448.8 |
| Benefit repayments5 | -231.1 | -220.1 |
| Administration costs | 1,906.8 | 1,916.1 |
| Bad debt | 122.9 | 41.9 |
| Total expenditures | 19,677.3 | 21,808.3 |
| Annual balance | -550.8 | -2,461.7 |
| Accumulated balance at the beginning of the year | -7,397.4 | -4,935.7 |
| Accumulated balance at the end of the year | -7,948.2 | -7,397.4 |
Source: Government of Canada, Public Accounts of Canada 2012, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, October 2012).
1 The EI premiums reported in the summary financial statements of the Government of Canada and the federal budget exclude the premium contributions made by the Government of Canada as an employer.
2 This interest includes all interest accrued on the balance with the Receiver General for Canada and on overdue accounts receivable.
3 Expenditures reported in Chapter 2 of this report are based on administrative data and may differ from the ones reported in the financial statements included in the Public Accounts of Canada due to methodological differences.
4 Since 2010/11, Employment Benefits under EI Part II have been delivered exclusively by the provinces and territories through Labour Market Development Agreements. As such, there are no new expenditures for these benefits. The negative expenditures of $0.7 million in 2011/12 and $1.4 million in 2010/11 represent Employment Benefits refunds and overpayments for expenditures in the previous year.
5 These repayments are received or receivable from higher income claimants.
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