|
Key Issues · The Net Operating Balance is in surplus throughout the 2018‑19 Budget and Forward Estimates period, with an estimated surplus of $161.9 million in 2018‑19. · The Fiscal Balance is estimated to be a deficit of $284.6 million for 2018‑19, with a projected improvement over the Forward Estimates period to achieve surpluses of $5.3 million in 2020‑21 and $52.9 million in 2021‑22. · Net Debt remains negative throughout the Forward Estimates period (i.e. Net Cash and Investments remains positive). As at 30 June 2019, Net Debt is estimated to be negative $329.6 million. · This chapter includes the Policy and Parameter Statement which provides a reconciliation of the major movements in the Net Operating Balance and the Fiscal Balance between the Budget and Forward Estimates presented in the 2017‑18 Budget Papers and those presented in these Budget Papers. Detailed information on 2018-19 Budget initiatives, including the implementation of the Government’s 2018 election commitments can be found in Government Services Budget Paper No 2. |
This chapter includes the General Government Sector Financial Statements for the 2018‑19 Budget and Forward Estimates period and an Estimated Outcome for 2017-18. It also incorporates the Policy and Parameter Statement which reflects changes between the Budget and Forward Estimates reported in the 2017‑18 Budget Papers and the 2018‑19 Budget Papers.
The financial statements in this chapter have been prepared in accordance with the Uniform Presentation Framework. The statements present information for the 2017-18 Budget and for the 2018‑19 Budget and Forward Estimates. Taxation information, required under the UPF, is provided in chapter 5 of this Budget Paper.
In accordance with the UPF, the final end of year results for the General Government Sector will be available in the Treasurer’s Annual Financial Report 2017-18, which will be publicly released by no later than 31 October 2018.
Tables 4.1 to 4.3 detail the Income Statement, Balance Sheet and Cash Flow Statement for the General Government Sector.
Table 4.1: General Government Income Statement
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Table 4.1: General Government Income Statement (continued)
|
Notes:
1. Detailed information on revenue estimates is provided in chapter 5 of this Budget Paper.
2. The increase in Employee expenses in 2018‑19 primarily reflects the delivery of the Government’s 2018 election commitments and other 2018 Budget initiatives. Further information in relation to agency initiatives is contained in the relevant agency chapter in Government Services Budget Paper No 2.
3. The movement in Superannuation reflects an actuarial assessment of the defined benefit schemes and agency expenditure estimates for accumulation scheme members. Further information on the Superannuation liability is provided in chapter 7 and appendix 3 of this Budget Paper.
4. The increase in Supplies and consumables from 2018‑19 onwards primarily reflects the delivery of the Government’s 2018 election commitments and other 2018 Budget initiatives. Further information in relation to agency initiatives is contained in the relevant agency chapter in Government Services Budget Paper No 2.
5. The increase in Grant and subsidy expenses in 2018-19 and 2019‑20 reflects increased Australian Government funding to non‑government schools under Quality Schools, Quality Outcomes; the expenditure profile for the Northern Cities Major Development Initiative; the implementation of the Bilateral Agreement for the Transition to the NDIS with the Australian Government; offset by revised timing of the receipt of Australian Government funding to local government councils.
6. The movement in investments in GBEs & SOCs reflects changes in the net assets of the Public Non‑Financial Corporations and Public Financial Corporation sectors. Refer to appendix 1 for more information on the PNFC and PFC sectors.
7.
Additional information on agency 2018‑19 Budget
Infrastructure Investment is provided in chapter 6 of this Budget Paper.
Table 4.2: General Government Balance Sheet as at 30 June
|
Table 4.2: General Government Balance Sheet as at 30 June (continued)
|
Notes:
1. The decrease in Cash and deposits in 2019 primarily reflects the Government’s significant infrastructure investment program and the anticipated expenditure of Australian Government Funding.
2. The increase in Investments primarily reflects the current estimate of loan advances provided by the Department of State Growth, together with funds invested with the Tasmanian Public Finance Corporation for the TT-Line Vessel Replacement Fund.
3. The decrease in Equity investments in PNFC & PFC sectors primarily reflects a decrease in the net assets of the PNFC sector, as a result of a decrease for electricity entities of $374 million due to the impact of final 2017 balances that were not known at the time of the 2017‑18 Budget. This is partly offset by an increase for TT‑Line Company Pty Ltd of $79.9 million, reflecting the return of funds held in the TT-Line Vessel Replacement Fund.
4. The increase in Land and buildings reflects the implementation of the Government’s significant infrastructure investment program with increased capital expenditure on schools, housing and hospital assets undertaken by the Department of Education, Department of Communities Tasmania and Department of Health.
5. The increase in Infrastructure reflects the implementation of the Government’s significant infrastructure investment program.
6. Borrowings of $748.9 million as at 30 June 2019 includes an estimated end of year borrowing of $507.5 million to be undertaken on 28 June 2019. The end of year borrowing has no impact on the Government’s Net Debt as the same amount will be borrowed and invested on 28 June 2019 until 1 July 2019 with the Tasmanian Public Finance Corporation, grossing‑up the amount of cash held and borrowings.
7. The increase in Superannuation as at 30 June 2019 reflects the latest actuarial assessment of the liability related to the defined benefit schemes. Further information on the Superannuation liability is provided in chapter 7 and appendix 3 of this Budget Paper.
8. Net Worth represents Total assets less Total liabilities.
9. Net Financial Worth represents Financial assets less Total liabilities.
10. Net Financial Liabilities represents Total liabilities less Financial assets, excluding Equity investments in PNFC & PFC sectors.
11. Net Debt represents Borrowings less the sum of Cash and deposits and Investments.
Table 4.3: General Government Cash Flow Statement
|
Table 4.3: General Government Cash Flow Statement (continued)
|
The Policy and Parameter Statement is a reconciliation of the major movements in the Net Operating Balance and the Fiscal Balance between two points in time. The movements reflect changes between the Budget and Forward Estimates reported in the 2017‑18 Budget Papers and the 2018‑19 Budget Papers.
The movements in the PPS are classified as revenue, expenses or net acquisition of non‑financial assets and then further categorised as a policy or parameter change. The classification of a variation as a policy or parameter change is a matter of judgement and it is recognised that there may be some instances where part of a Government initiative may have both policy and parameter components. In exercising judgement, Treasury aims to ensure that Government decisions are made transparent.
For the purpose of the PPS, a policy variation reflects a specific decision by the Government that has an impact on the Budget and Forward Estimates and is related to a new policy or represents a change in the Government’s existing policy position since the previous Budget. A decision to change a Budget or Forward Estimate item, which is consistent with an existing policy, is not a policy decision.
A parameter variation reflects changes to the Budget and Forward Estimates due to the economic environment, the agency operating environment or the timing of a transaction.
Parameter variations will reflect the impact of changes in taxes, grants or other income that do not arise because of a Government decision and demand and cost variations in agency service delivery, including the provision of indexation. Variations resulting from the rollover of a new Forward Estimate year and changes in accounting policies, such as a change in an agency depreciation policy or the impact on estimates of a change in an Australian Accounting Standard are classified as parameter variations.
Table 4.4 provides a summary of the policy and parameter changes detailed in Table 4.5 that have impacted on the formulation of the 2018‑19 Budget since the 2017‑18 Budget.
Additional information on revenue estimates is provided in chapter 5 of this Budget Paper. Additional information on agency expenditure estimates, including 2018 Budget initiatives, is provided in the relevant agency chapters in Government Services Budget Paper No 2.
It should be noted that the estimates presented in the PPS were finalised prior to the release of the Australian Government’s 2018-19 Budget. Therefore, the movements included for Specific Purpose Payments and some National Partnership payments may differ from those published in the Australian Government 2018‑19 Budget due to different assumptions around timing and activity levels.
Table 4.4: Summary Policy and Parameter Statement, 2017‑18 to 2021‑22
|
|
2017-18) Estimated) Outcome) |
2018-19) ) Budget) |
2019-20) Forward) Estimate) |
2020-21) Forward) Estimate) |
2021-22 Forward Estimate1 |
|
|
$m) |
$m) |
$m) |
$m) |
$m |
|
Forward Estimates (Net Operating Balance) as per the 2017‑18 Budget (A) |
54.3 |
50.7 |
51.3 |
45.3 |
.... |
|
Forward Estimates (Fiscal Balance) as per the 2017‑18 Budget (B) |
(253.9) |
(229.2) |
2.8 |
71.1 |
.... |
|
|
|
|
|
|
|
|
REVENUE |
|
|
|
|
|
|
Policy Decisions2 |
.... |
.... |
.... |
.... |
.... |
|
Parameter Adjustments |
161.7 |
354.3 |
264.4 |
304.4 |
.... |
|
TOTAL REVENUE VARIATIONS (C) |
161.7 |
354.3 |
264.4 |
304.4 |
.... |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
Policy Decisions |
105.1 |
188.7 |
167.4 |
176.9 |
191.5 |
|
Parameter Adjustments |
35.6 |
54.4 |
34.6 |
24.6 |
.... |
|
TOTAL EXPENSE VARIATIONS (D) |
140.8 |
243.1 |
202.0 |
201.5 |
.... |
|
|
|
|
|
|
|
|
NET OPERATING BALANCE (A+C-D) |
75.3 |
161.9 |
113.7 |
148.3 |
196.4 |
|
|
|
|
|
|
|
|
Less NET ACQUISITION OF NON-FINANCIAL ASSETS |
|
|
|
|
|
|
Purchases of non-financial assets |
|
|
|
|
|
|
Policy Decisions |
2.5 |
157.0 |
224.7 |
243.4 |
252.8 |
|
Parameter Adjustments |
(97.7) |
10.0 |
92.9 |
(53.7) |
.... |
|
|
(95.2) |
167.0 |
317.5 |
189.7 |
.... |
|
Less Sale of non-financial assets |
|
|
|
|
|
|
Policy Decisions |
.... |
.... |
.... |
.... |
.... |
|
Parameter Adjustments |
(2.2) |
.... |
.... |
20.7 |
.... |
|
|
(2.2) |
.... |
.... |
20.7 |
.... |
|
Less Depreciation - Total Parameter Adjustments |
(0.8) |
0.4 |
(0.1) |
0.2 |
.... |
|
NET ACQUISITION OF NON-FINANCIAL ASSETS VARIATIONS (E) |
(92.2) |
166.6 |
317.6 |
168.8 |
.... |
|
|
|
|
|
|
|
|
FISCAL BALANCE (B+C-D-E) |
(140.7) |
(284.6) |
(252.4) |
5.3 |
52.9 |
|
|
|
|
|
|
|
Notes:
1. Parameter adjustments for 2021‑22 are not reflected in the Table as the 2021‑22 Forward Estimate was not published in the 2017‑18 Budget. However, policy adjustments are reflected to show their full impact on the Budget and Forward Estimates.
2. During the course of the 2018 State Election the Government announced the introduction of legislation to give effect to a suite of important tax reform initiatives that will support Tasmanian businesses and jobs. These include: a regional business relocation payroll tax holiday; a new lower payroll tax rate and threshold; and the foreign investor surcharge. Further information on the Government’s taxation reforms can be found in chapter 12 of Government Services Budget Paper No 2. The impact on estimated taxation receipts, as a result of the introduction of these new measures, is reflected in General Government Sector taxation estimates presented in this chapter and chapter 5 of this Budget Paper. General changes in the level of taxation estimates are considered to be parameter variations for the purposes of the Policy and Parameter Statement.
Table 4.5: Policy and Parameter Statement, 2017-18 to 2021-22
|
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|
|
Table 4.5: Policy and Parameter Statement, 2017-18 to 2021-22 (continued)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Table 4.5: Policy and Parameter Statement, 2017-18 to 2021-22 (continued)
|
|
2017-18 |
2018-19 |
2019-20 |
2020-21 |
2021-22 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Agency Revenue |
|
|
|
|
|
|
Communities Tasmania7 |
(2.8) |
(3.3) |
(3.7) |
(4.0) |
.... |
|
Education |
(0.9) |
(0.9) |
(0.9) |
0.4 |
.... |
|
Finance-General |
(4.2) |
2.5 |
0.3 |
0.9 |
.... |
|
Health |
(0.9) |
(7.7) |
(8.5) |
(5.4) |
.... |
|
Justice |
(0.4) |
(0.1) |
(0.1) |
(0.1) |
.... |
|
Marine and Safety Tasmania |
0.6 |
0.4 |
0.4 |
0.4 |
.... |
|
Police, Fire and Emergency Management |
0.7 |
0.8 |
2.1 |
.... |
.... |
|
Premier and Cabinet |
1.7 |
5.1 |
3.2 |
4.7 |
.... |
|
Primary Industries, Parks, Water and Environment |
2.6 |
3.7 |
4.8 |
5.1 |
.... |
|
Royal Tasmanian Botanical Gardens |
0.2 |
0.1 |
0.2 |
0.6 |
.... |
|
State Fire Commission |
.... |
(0.1) |
(0.1) |
(0.1) |
.... |
|
State Growth |
(8.0) |
(4.7) |
(1.5) |
(6.4) |
.... |
|
TasTAFE |
.... |
(2.3) |
(2.6) |
(2.9) |
.... |
|
Tourism Tasmania |
0.2 |
0.2 |
0.2 |
0.2 |
.... |
|
Treasury and Finance |
0.4 |
0.5 |
0.6 |
0.6 |
.... |
|
Total Agency Revenue |
(10.8) |
(5.6) |
(5.6) |
(6.1) |
.... |
|
|
|
|
|
|
|
|
Total Parameter Adjustments |
161.7 |
354.3 |
264.4 |
304.4 |
.... |
|
|
|
|
|
|
|
|
TOTAL REVENUE ADJUSTMENTS (C) |
161.7 |
354.3 |
264.4 |
304.4 |
.... |
|
|
|
|
|
|
|
|
Expenses from transactions |
|
|
|
|
|
|
Policy Decisions8 |
|
|
|
|
|
|
Agency Expenditure |
|
|
|
|
|
|
Communities Tasmania |
|
|
|
|
|
|
Election Commitments |
.... |
35.1 |
19.3 |
13.1 |
3.8 |
|
Out of Home Care - Additional Support |
.... |
6.0 |
6.0 |
6.0 |
6.0 |
|
Safe Homes, Safe Families |
.... |
.... |
6.0 |
6.0 |
6.0 |
|
|
.... |
41.1 |
31.3 |
25.1 |
15.8 |
|
Education |
|
|
|
|
|
|
Election Commitments |
.... |
8.5 |
17.0 |
23.5 |
32.0 |
|
Year 7-12 Implementation Plan |
3.0 |
.... |
.... |
.... |
.... |
|
|
3.0 |
8.5 |
17.0 |
23.5 |
32.0 |
Table 4.5: Policy and Parameter Statement, 2017-18 to 2021-22 (continued)
|
|
2017-18 |
2018-19 |
2019-20 |
2020-21 |
2021-22 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Finance-General |
|
|
|
|
|
|
Election Commitments |
.... |
8.5 |
2.6 |
2.0 |
2.5 |
|
City Deal Tamar River Catchment Projects State Cost |
.... |
0.5 |
1.0 |
1.0 |
1.0 |
|
Energy Security Taskforce Final Report |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
|
0.1 |
9.1 |
3.7 |
3.1 |
3.6 |
|
Health |
|
|
|
|
|
|
Ambulance Tasmania Additional Funding |
4.0 |
5.2 |
5.2 |
5.2 |
5.2 |
|
Community Rapid Response |
0.4 |
.... |
.... |
.... |
.... |
|
Election Commitments9 |
.... |
21.8 |
43.7 |
62.7 |
80.5 |
|
Elective Surgery Additional Activity 2017-18 |
14.3 |
.... |
.... |
.... |
.... |
|
Elective Surgery Activity |
.... |
20.0 |
.... |
.... |
.... |
|
Secondary Triage Model - Ambulance Tasmania |
0.3 |
.... |
.... |
.... |
.... |
|
Street Team Project |
0.1 |
.... |
.... |
.... |
.... |
|
Rural Medical Practitioners (Tasmanian State Service) Agreement 2017 |
0.4 |
.... |
.... |
.... |
.... |
|
THS increased demand |
33.9 |
.... |
.... |
.... |
.... |
|
|
53.4 |
47.0 |
48.9 |
67.9 |
85.7 |
|
Legislative Council |
|
|
|
|
|
|
Member Allowances10 |
.... |
.... |
.... |
.... |
.... |
|
|
.... |
.... |
.... |
.... |
.... |
|
Justice |
|
|
|
|
|
|
Additional Tasmanian Prison Service Funding |
4.3 |
4.0 |
4.0 |
4.0 |
4.0 |
|
Court Security and Prisoner Transport |
0.6 |
0.8 |
0.8 |
0.8 |
0.8 |
|
Commonwealth Redress Scheme |
.... |
25.0 |
5.0 |
5.0 |
5.0 |
|
Election Commitments |
.... |
0.2 |
.... |
.... |
.... |
|
Alternative Sentencing Options |
.... |
4.3 |
4.3 |
4.3 |
4.3 |
|
|
4.9 |
34.2 |
14.1 |
14.1 |
14.1 |
|
Police, Fire and Emergency Management |
|
|
|
|
|
|
Election Commitments |
.... |
5.0 |
8.4 |
12.0 |
15.4 |
|
Middleton Fire Station |
0.6 |
.... |
.... |
.... |
.... |
|
New Generation Emergency Alert Telephone Warning System |
.... |
0.5 |
.... |
.... |
.... |
|
Police Enterprise Agreement 2018 |
5.1 |
0.3 |
0.7 |
0.7 |
0.7 |
|
|
5.7 |
5.8 |
9.1 |
12.7 |
16.0 |
Table 4.5: Policy and Parameter Statement, 2017-18 to 2021-22 (continued)
|
|
2017-18 |
2018-19 |
2019-20 |
2020-21 |
2021-22 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Premier and Cabinet |
|
|
|
|
|
|
Cradle Coast Councils Feasibility Study |
0.1 |
.... |
.... |
.... |
.... |
|
Coastal Pathways |
4.8 |
.... |
.... |
.... |
.... |
|
Election Commitments |
9.9 |
.... |
.... |
.... |
.... |
|
Office of Security and Emergency Management |
.... |
0.5 |
0.5 |
0.5 |
0.5 |
|
Glenorchy City Council Board of Inquiry |
0.2 |
.... |
.... |
.... |
.... |
|
Local Government Feasibility Study - George Town and West Tamar Councils |
0.1 |
.... |
.... |
.... |
.... |
|
Reconciliation Council of Australia |
0.1 |
.... |
.... |
.... |
.... |
|
Secretariat for Sorell/Tasman Councils Share Services Board |
0.2 |
.... |
.... |
.... |
.... |
|
Silverdome Operations |
0.6 |
.... |
.... |
.... |
.... |
|
|
15.9 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Primary Industries, Parks, Water and Environment |
|
|
|
|
|
|
Biosecurity - Fruit Fly Response and Assistance Package11 |
8.0 |
.... |
.... |
.... |
.... |
|
Drought Support Rural Relief |
0.3 |
.... |
.... |
.... |
.... |
|
Election Commitments |
.... |
6.9 |
10.3 |
11.1 |
10.9 |
|
Macquarie Heads Campground |
0.2 |
.... |
.... |
.... |
.... |
|
Nyrstar Funding Agreement |
.... |
1.4 |
.... |
1.6 |
.... |
|
Royal Tasmanian Botanical Gardens - New Visitor Centre |
.... |
1.0 |
2.6 |
.... |
.... |
|
RTBG Bicentenary |
0.1 |
.... |
.... |
.... |
.... |
|
Save the Tasmanian Devil |
0.8 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Welcome/Montagu Riverworks |
0.4 |
.... |
.... |
.... |
.... |
|
|
9.7 |
9.8 |
13.4 |
13.2 |
11.4 |
|
State Growth |
|
|
|
|
|
|
Industry Assistance Grants: |
|
|
|
|
|
|
Additional support to DXC |
0.4 |
.... |
.... |
.... |
.... |
|
Biomar Group |
2.3 |
.... |
.... |
.... |
.... |
|
Carlton & United Breweries |
.... |
1.0 |
.... |
.... |
.... |
|
Castings Tasmania Pty Ltd |
0.4 |
.... |
.... |
.... |
.... |
|
Dundas Mining Pty Ltd |
.... |
1.2 |
1.2 |
1.1 |
.... |
|
Hermal Group |
2.0 |
2.5 |
.... |
2.5 |
2.0 |
|
Houston’s Farm |
0.7 |
.... |
.... |
.... |
.... |
|
Other Industry Assistance |
0.7 |
0.2 |
0.9 |
0.6 |
1.4 |
|
Remarkable Lodge |
.... |
0.4 |
0.3 |
0.3 |
.... |
|
|
|||||
Table 4.5: Policy and Parameter Statement, 2017-18 to 2021-22 (continued)
|
|
2017-18 |
2018-19 |
2019-20 |
2020-21 |
2021-22 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
State Growth (continued) |
|
|
|
|
|
|
AFLW in Tasmania |
.... |
0.5 |
0.5 |
0.6 |
0.6 |
|
Australian Rally Championships |
0.1 |
.... |
.... |
.... |
.... |
|
Bass Highway - Leith |
0.3 |
.... |
.... |
.... |
.... |
|
Business Incentives |
.... |
.... |
.... |
0.1 |
0.1 |
|
Cessation of Transport Assistance for southern sawmills |
0.6 |
.... |
.... |
.... |
.... |
|
Circular Head Working Group |
1.5 |
.... |
.... |
.... |
.... |
|
Election Commitments |
.... |
18.1 |
20.5 |
8.0 |
5.0 |
|
Energy Security Management |
0.1 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Festivale |
0.1 |
0.1 |
0.1 |
.... |
.... |
|
Flinders Island Telecommunications Upgrades |
0.4 |
.... |
.... |
.... |
.... |
|
Former Devonport Maternity Hospital |
1.0 |
.... |
.... |
.... |
.... |
|
ICC World Twenty20 |
.... |
0.5 |
2.3 |
0.3 |
.... |
|
Mona Foma Festival |
1.0 |
.... |
.... |
.... |
.... |
|
Kangaroo Bay Redevelopment |
0.1 |
1.6 |
.... |
.... |
.... |
|
Rosehaven - Season 3 |
0.3 |
0.2 |
.... |
.... |
.... |
|
Small Business Grants to Support Apprentices and Trainees |
0.2 |
2.8 |
.... |
.... |
.... |
|
TMAG Chiller Unit |
0.1 |
.... |
.... |
.... |
.... |
|
|
12.1 |
29.4 |
26.1 |
13.7 |
9.4 |
|
Tourism Tasmania |
|
|
|
|
|
|
Election Commitments |
.... |
3.2 |
3.2 |
3.2 |
3.0 |
|
|
.... |
3.2 |
3.2 |
3.2 |
3.0 |
|
|
|
|
|
|
|
|
Total Policy Decisions |
105.1 |
188.7 |
167.4 |
176.9 |
191.5 |
|
|
|
|
|
|
|
|
Parameter Adjustments |
|
|
|
|
|
|
Depreciation |
(0.8) |
0.4 |
(0.1) |
0.2 |
.... |
|
Nominal superannuation interest expense |
(30.7) |
(18.8) |
(19.5) |
(20.3) |
.... |
|
Borrowing costs |
.... |
.... |
0.1 |
0.5 |
.... |
|
|
|
|
|
|
|
|
|
|||||
Table 4.5: Policy and Parameter Statement, 2017-18 to 2021-22 (continued)
|
|
2017-18 |
2018-19 |
2019-20 |
2020-21 |
2021-22 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Agency Expenditure |
|
|
|
|
|
|
Communities Tasmania |
19.9 |
16.4 |
11.6 |
10.9 |
.... |
|
Education |
15.0 |
16.1 |
32.9 |
29.0 |
.... |
|
Finance-General |
(13.6) |
(51.2) |
(24.1) |
(28.1) |
.... |
|
Health |
53.0 |
49.3 |
40.1 |
35.6 |
.... |
|
House of Assembly |
0.9 |
0.9 |
1.0 |
1.0 |
.... |
|
Inland Fisheries Service |
.... |
0.1 |
.... |
0.3 |
.... |
|
Justice |
3.5 |
0.7 |
1.0 |
1.3 |
.... |
|
Legislature-General |
0.3 |
0.1 |
0.1 |
0.1 |
.... |
|
Marine and Safety Tasmania |
2.0 |
0.1 |
0.1 |
0.1 |
.... |
|
Ministerial and Parliamentary Support |
1.6 |
1.8 |
1.8 |
1.8 |
.... |
|
Office of the Governor |
.... |
0.1 |
0.1 |
0.1 |
.... |
|
Police, Fire and Emergency Management |
3.7 |
0.8 |
2.1 |
.... |
.... |
|
Premier and Cabinet |
5.4 |
5.1 |
2.7 |
3.2 |
.... |
|
Primary Industries, Parks, Water and Environment |
(0.3) |
10.5 |
5.0 |
6.9 |
.... |
|
Royal Tasmanian Botanical Gardens |
(0.1) |
0.5 |
0.5 |
0.5 |
.... |
|
State Fire Commission |
.... |
(1.1) |
(0.9) |
(0.4) |
.... |
|
State Growth |
(25.5) |
22.6 |
(14.9) |
(9.8) |
.... |
|
TasTAFE |
0.7 |
.... |
(1.9) |
(3.2) |
.... |
|
Tourism Tasmania |
.... |
0.9 |
0.2 |
0.3 |
.... |
|
Treasury and Finance |
0.4 |
.... |
0.5 |
0.9 |
.... |
|
Other12 |
0.2 |
(1.0) |
(3.9) |
(6.3) |
.... |
|
Total Agency Expenditure |
67.2 |
72.8 |
54.2 |
44.2 |
.... |
|
|
|||||
|
Total Parameter Adjustments |
35.6 |
54.4 |
34.6 |
24.6 |
.... |
|
|
|
|
|
|
|
|
TOTAL EXPENSES FROM TRANSACTIONS VARIANCE (D) |
140.8 |
243.1 |
202.0 |
201.5 |
.... |
|
|
|
|
|
|
|
|
NET OPERATING BALANCE |
75.3 |
161.9 |
113.7 |
148.3 |
196.4 |
|
|
|
|
|
|
|
Table 4.5: Policy and Parameter Statement, 2017-18 to 2021-22 (continued)
|
|
2017-18 |
2018-19 |
2019-20 |
2020-21 |
2021-22 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
less NET ACQUISITION OF NON-FINANCIAL ASSETS FROM TRANSACTIONS |
|
|
|
|
|
|
Purchases of non-financial assets from transactions |
|
|
|
|
|
|
Policy Decisions13 |
|
|
|
|
|
|
Communities Tasmania |
|
|
|
|
|
|
Election Commitments |
.... |
27.0 |
29.0 |
36.3 |
25.0 |
|
|
.... |
27.0 |
29.0 |
36.3 |
25.0 |
|
Education |
|
|
|
|
|
|
Election Commitments |
.... |
8.9 |
25.7 |
31.8 |
29.8 |
|
|
.... |
8.9 |
25.7 |
31.8 |
29.8 |
|
Finance-General |
|
|
|
|