Key Issues
· The Net Operating Balance is estimated to be a deficit of $297.5 million for 2023‑24, improving over the Forward Estimates period to an estimated surplus of $61.2 million in 2026‑27.
· The Fiscal Balance remains in deficit over the 2023‑24 Budget and Forward Estimates period, with an estimated deficit of $988.8 million in 2023‑24, improving to an estimated deficit of $189.6 million in 2026‑27.
· Net Debt (including the impact of Leases under AASB 16 Leases) is estimated to be $3 497.2 million as at 30 June 2024, increasing to $5 596 million as at 30 June 2027.
· 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 2022‑23 Budget Papers and those presented in these Budget Papers. Detailed information on 2023‑24 Budget initiatives can be found in Government Services Budget Paper No 2.
This chapter includes the General Government Sector Financial Statements for the 2023‑24 Budget and Forward Estimates period and the Estimated Outcome for 2022‑23. It also incorporates the Policy and Parameter Statement, which reflects changes between the Budget and Forward Estimates reported in the 2022‑23 Budget Papers and the 2023‑24 Budget Papers.
In addition, this chapter includes the Public Account Budget and Forward Estimates together with Specific Purpose Account Estimated Receipts and Expenditure for 2023‑24. These reports are prepared to meet requirements of section 17(10), 19(1)(a) and 19(1)(b) of the Financial Management Act 2016.
The financial statements in this chapter have been prepared in accordance with the Uniform Presentation Framework. The statements present information for the 2022‑23 Budget and for the 2023‑24 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 for 2023‑24 will be presented in the Treasurer’s Annual Financial Report 2023-24, which is required to be released by no later than 31 October 2024.
Tables 4.1 to 4.3 detail the Income Statement, Balance Sheet and Cash Flow Statement for the General Government Sector.
|
|
2022‑23 |
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Budget |
Outcome |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$m |
$m |
$m |
$m |
$m |
$m |
|
|
|
|
|
|
|
|
|
Plus Other economic flows - other movements in Equity |
|
|
|
|
|
|
|
Revaluations of non‑financial assets |
282.0 |
239.1 |
274.1 |
274.1 |
274.1 |
274.1 |
|
Revaluation of equity investment in PNFC and PFC sectors10 |
(51.1) |
1 477.7 |
280.5 |
274.5 |
307.4 |
550.2 |
|
Movements in superannuation liability11 |
.... |
24.8 |
.... |
.... |
.... |
.... |
|
|
230.9 |
1 741.6 |
554.6 |
548.6 |
581.5 |
824.3 |
|
|
|
|
|
|
|
|
|
Equals Comprehensive Result |
(189.9) |
1 494.6 |
236.0 |
352.0 |
560.5 |
856.8 |
|
|
|
|
|
|
|
|
|
KEY FISCAL AGGREGATES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET OPERATING BALANCE |
(474.6) |
(217.1) |
(297.5) |
(148.1) |
12.7 |
61.2 |
|
|
|
|
|
|
|
|
|
Less Net acquisition of non‑financial assets |
|
|
|
|
|
|
|
Purchases of non‑financial assets12 |
1 176.3 |
863.7 |
1 178.2 |
1 119.4 |
944.6 |
782.0 |
|
Less Sales of non‑financial assets |
48.6 |
26.1 |
38.8 |
30.4 |
31.7 |
30.1 |
|
Less Depreciation |
466.4 |
456.0 |
448.1 |
466.8 |
487.6 |
501.1 |
|
|
661.3 |
381.7 |
691.3 |
622.3 |
425.3 |
250.9 |
|
|
|
|
|
|
|
|
|
Equals FISCAL BALANCE |
(1 135.9) |
(598.8) |
(988.8) |
(770.3) |
(412.6) |
(189.6) |
|
|
|
|
|
|
|
|
Notes:
1. Variations in 2023‑24 include the impact of the establishment of Homes Tasmania. This has resulted in the transfer of Housing Revenues from transactions and Expenses from transactions from the General Government Sector to Homes Tasmania and an increase in Revenues from transactions and Expenses from transactions in the Public Non-Financial Corporations Sector. Refer to appendix 1 of this Budget Paper for more information on the PNFC Sector.
2. Detailed information on revenue estimates is provided in chapter 5 of this Budget Paper.
3. The increase in Employee expenses in 2023‑24 primarily reflects the impact of the Government’s 2023‑24 Budget initiatives and prior year Budget initiatives, together with supplementary funding to support wage agreement outcomes.
4. The change in Superannuation includes the latest actuarial advice provided by the State’s Actuary. Further information on the Superannuation liability is provided in chapter 7 of this Budget Paper.
5. The decrease in Supplies and consumables in 2023‑24 and over the Forward Estimates primarily reflects the impact of funding in relation to prior year Budget initiatives and the cessation of fixed‑term COVID‑19 related expenditure, which is partially offset by an increase in the Government’s 2023‑24 Budget initiative expenditure.
6. The increase in Nominal superannuation interest expense in 2023‑24 reflects the latest actuarial advice provided by the State’s Actuary and includes a change in the discount rate from 2.5 per cent, used in the 2022‑23 Budget, to a rate of 4.0 per cent used in the 2023‑24 Budget.
7. The increase in Borrowing costs from 2023‑24 primarily reflects forecast increases in the estimated General Government Sector cash deficit together with forecast increases in borrowing rates across the Budget and Forward Estimates.
8. The decrease in Grant and subsidy expense from 2024‑25 onwards primarily reflects the impact of funding in relation to 2023‑24 Budget initiatives and prior year Budget initiatives, together with a reduction in COVID‑19 pandemic‑related expenditure.
9. The decrease in Other expenses from 2024‑25 onwards primarily reflects the recognition of the Government’s Budget Efficiency Dividend. Additional information on the Government’s Budget Efficiency Dividend is provided in chapter 1 of this Budget Paper.
10. Revaluation of equity investment in the PNFC and PFC sectors reflects changes in the net assets of entities in the sectors, including the impact of the establishment of Homes Tasmania as a PNFC sector entity from 1 December 2022. Refer to appendix 1 of this Budget Paper for more information on the PNFC and PFC sectors.
11. Details of the change in the Movements in superannuation liability are provided in chapter 7 of this Budget Paper.
12. Detailed
information on infrastructure investment is provided in chapter 6 of this
Budget Paper.
|
|
2023 |
2023 |
2024 |
2025 |
2026 |
2027 |
|
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Budget |
Outcome |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$m |
$m |
$m |
$m |
$m |
$m |
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
Financial assets |
|
|
|
|
|
|
|
Cash and deposits2 |
624.6 |
932.9 |
937.6 |
891.2 |
916.9 |
887.9 |
|
Investments |
867.2 |
852.3 |
885.3 |
843.1 |
843.1 |
847.0 |
|
Equity investments in PNFC and PFC sectors |
5 445.2 |
10 526.4 |
11 013.6 |
11 523.1 |
11 930.1 |
12 545.6 |
|
Other equity investments |
201.4 |
139.9 |
189.9 |
190.0 |
190.0 |
190.0 |
|
Receivables |
407.3 |
380.3 |
381.7 |
380.0 |
382.4 |
381.8 |
|
Other financial assets |
596.5 |
677.9 |
640.1 |
602.8 |
568.7 |
543.1 |
|
|
8 142.2 |
13 509.7 |
14 048.4 |
14 430.2 |
14 831.3 |
15 395.4 |
|
|
|
|
|
|
|
|
|
Non‑financial assets |
|
|
|
|
|
|
|
Land and buildings3 |
8 205.7 |
6 790.0 |
7 022.7 |
7 296.9 |
7 510.7 |
7 610.9 |
|
Infrastructure4 |
6 938.9 |
6 846.2 |
7 591.4 |
8 255.2 |
8 793.1 |
9 257.3 |
|
Plant and equipment |
342.9 |
347.1 |
388.2 |
394.3 |
406.5 |
414.7 |
|
Heritage and cultural assets |
478.7 |
493.1 |
505.4 |
517.7 |
530.0 |
542.3 |
|
Investment property |
3.2 |
3.8 |
3.9 |
3.9 |
3.9 |
3.9 |
|
Intangibles |
136.9 |
133.8 |
201.6 |
255.6 |
295.4 |
345.7 |
|
Assets held for sale |
2.8 |
9.7 |
10.9 |
12.4 |
10.8 |
10.3 |
|
Lease - right-of-use-assets5 |
335.7 |
743.9 |
687.8 |
618.7 |
550.2 |
484.2 |
|
Other non‑financial assets |
910.8 |
101.4 |
99.6 |
98.4 |
97.8 |
97.3 |
|
|
17 355.6 |
15 469.1 |
16 511.6 |
17 453.0 |
18 198.2 |
18 766.7 |
|
|
|
|
|
|
|
|
|
Total Assets |
25 497.8 |
28 978.9 |
30 560.0 |
31 883.2 |
33 029.5 |
34 162.0 |
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
Borrowings6 |
4 125.6 |
3 286.1 |
4 555.0 |
5 599.0 |
6 204.8 |
6 677.3 |
|
Lease liabilities5 |
360.2 |
782.0 |
765.1 |
728.1 |
690.9 |
653.5 |
|
Superannuation7 |
8 397.6 |
7 744.4 |
7 759.3 |
7 753.0 |
7 729.3 |
7 687.2 |
|
Employee entitlements8 |
871.4 |
878.6 |
898.8 |
920.3 |
940.4 |
877.0 |
|
Payables |
182.5 |
173.5 |
178.0 |
181.7 |
182.1 |
183.4 |
|
Other liabilities9 |
790.7 |
907.5 |
961.0 |
906.4 |
926.8 |
871.5 |
|
Total Liabilities |
14 728.0 |
13 772.1 |
15 117.2 |
16 088.5 |
16 674.3 |
16 950.0 |
|
|
|
|
|
|
|
|
|
Net Assets |
10 769.8 |
15 206.8 |
15 442.7 |
15 794.7 |
16 355.2 |
17 212.0 |
|
|
|
|
|
|
|
|
|
|
2023 |
2023 |
2024 |
2025 |
2026 |
2027 |
|
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Budget |
Outcome |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$m |
$m |
$m |
$m |
$m |
$m |
|
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
|
Accumulated funds |
5 345.7 |
8 150.5 |
7 831.8 |
7 635.1 |
7 614.1 |
7 646.6 |
|
Asset revaluation reserve |
6 113.2 |
6 100.3 |
6 374.4 |
6 648.5 |
6 922.6 |
7 196.7 |
|
Other revaluation reserves |
(689.1) |
956.1 |
1 236.6 |
1 511.1 |
1 818.5 |
2 368.7 |
|
Total Equity |
10 769.8 |
15 206.8 |
15 442.7 |
15 794.7 |
16 355.2 |
17 212.0 |
|
|
|
|
|
|
|
|
|
KEY FISCAL AGGREGATES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET WORTH10 |
10 769.8 |
15 206.8 |
15 442.7 |
15 794.7 |
16 355.2 |
17 212.0 |
|
|
|
|
|
|
|
|
|
NET FINANCIAL WORTH11 |
(6 585.8) |
(262.3) |
(1 068.8) |
(1 658.3) |
(1 843.0) |
(1 554.6) |
|
|
|
|
|
|
|
|
|
NET FINANCIAL LIABILITIES12 |
12 031.0 |
10 788.8 |
12 082.5 |
13 181.4 |
13 773.1 |
14 100.2 |
|
|
|
|
|
|
|
|
|
NET DEBT13 |
2 994.0 |
2 282.9 |
3 497.2 |
4 592.8 |
5 135.7 |
5 596.0 |
|
|
|
|
|
|
|
|
|
GFS NET DEBT14 |
2 633.8 |
1 500.9 |
2 732.0 |
3 864.7 |
4 444.7 |
4 942.4 |
|
|
|
|
|
|
|
|
Notes:
1. Changes in Asset and Liability balances in 2024 include the impact of the establishment of Homes Tasmania as a PNFC entity. This has resulted in the transfer of Housing Assets and Liabilities from the General Government Sector to Homes Tasmania and an increase in Assets and Liabilities in the PNFC Sector. This is also reflected as an increase to General Government Sector Equity investments in PNFC and PFC sectors for 2024.
2. The variation in Cash and deposits primarily reflects revised Specific Purpose Account opening balances based on actual 30 June 2022 outcomes.
3. Further information on Land and buildings is provided in chapter 7 of this Budget Paper.
4. The increase in Infrastructure primarily reflects the implementation of the Government’s infrastructure program. Further information on infrastructure investment is provided in chapter 6 of this Budget Paper.
5. The change in Lease right-of-use assets and Lease liabilities in 2024 and over the Forward Estimates primarily reflects revised estimates based on 30 June 2022 actuals together with the recognition of additional leases in 2022‑23.
6. The increase in Borrowings as at 30 June 2024 and over the Forward Estimates primarily reflects the increase in borrowings to support the General Government Sector cash deficit.
7. The decrease in Superannuation reflects the latest actuarial advice provided by the State’s Actuary, which includes a change in the discount rate from 2.5 per cent (used in the 2022‑23 Budget) to a rate of 4.0 per cent used in the 2023‑24 Budget. Further information on the Superannuation liability is provided in chapter 7 of this Budget Paper.
8. The decrease in Employee entitlements in 2027 recognises the payment of the 27th pay in 2026‑27 and the reduction in the associated liability accrued over prior years for this purpose.
9. The increase in Other liabilities in 2024 and variations across the Forward Estimates primarily reflects revised Australian Government funding contract liability balances.
10. Net Worth represents Total Assets less Total Liabilities.
11. Net Financial Worth represents Financial assets less Total Liabilities.
12. Net Financial Liabilities represents Total Liabilities less Financial assets, excluding Equity investment in PNFC and PFC sectors.
13. Net Debt represents Borrowings plus Lease liabilities, less the sum of Cash and deposits and Investments.
14. GFS Net Debt represents Borrowings less the sum of Cash and deposits and Investments. This is equivalent to Net Debt based on the Australian Bureau of Statistics Government Finance Statistics reporting framework and excludes the impact of Lease liabilities.
|
|
2022‑23 |
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Budget |
Outcome |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$m |
$m |
$m |
$m |
$m |
$m |
|
|
|
|
|
|
|
|
|
Net cash flows from financial assets (liquidity management purposes) |
|
|
|
|
|
|
|
Net (purchase)/sale of investments |
41.0 |
41.3 |
0.5 |
3.0 |
3.3 |
.... |
|
|
41.0 |
41.3 |
0.5 |
3.0 |
3.3 |
.... |
|
|
|
|
|
|
|
|
|
Net cash flows from investing activities |
(1 459.0) |
(1 174.0) |
(1 473.5) |
(1 324.7) |
(1 056.3) |
(869.2) |
|
|
|
|
|
|
|
|
|
Net cash flows from financing activities |
|
|
|
|
|
|
|
Net borrowing |
1 451.9 |
821.1 |
1 247.1 |
1 024.7 |
587.7 |
455.9 |
|
|
1 451.9 |
821.1 |
1 247.1 |
1 024.7 |
587.7 |
455.9 |
|
|
|
|
|
|
|
|
|
Net increase/(decrease) in cash held |
0.4 |
(40.2) |
4.7 |
(46.4) |
25.6 |
(29.0) |
|
|
|
|
|
|
|
|
|
Cash at the beginning of the year |
624.2 |
973.1 |
932.9 |
937.6 |
891.2 |
916.9 |
|
Cash at the end of the year |
624.6 |
932.9 |
937.6 |
891.2 |
916.9 |
887.9 |
|
|
|
|
|
|
|
|
|
KEY FISCAL AGGREGATES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash flows from operating activities |
7.6 |
312.7 |
231.1 |
253.6 |
494.2 |
384.4 |
|
Plus Net cash flows from non‑financial assets |
(1 120.8) |
(845.4) |
(1 184.3) |
(1 134.9) |
(960.0) |
(800.1) |
|
Equals CASH SURPLUS/(DEFICIT) |
(1 113.2) |
(532.8) |
(953.2) |
(881.3) |
(465.9) |
(415.7) |
|
|
|
|
|
|
|
|
The Policy and Parameter Statement is a reconciliation of the major changes in the Net Operating Balance and the Fiscal Balance between two points in time.
The changes in the PPS are classified as revenue, expense 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 2023‑24 Budget since the 2022‑23 Budget.
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Forward Estimates (Net Operating Balance) as per the 2022‑23 Budget (A) |
(474.6) |
19.1 |
32.2 |
30.5 |
.... |
|
Forward Estimates (Fiscal Balance) as per the 2022‑23 Budget (B) |
(1 135.9) |
(691.6) |
(553.2) |
(283.6) |
.... |
|
|
|
|
|
|
|
|
REVENUE |
|
|
|
|
|
|
Policy Decisions |
(34.2) |
(80.0) |
(66.3) |
(66.3) |
(66.2) |
|
Parameter Adjustments |
726.0 |
276.7 |
266.7 |
239.3 |
.... |
|
TOTAL REVENUE ADJUSTMENTS (C) |
691.7 |
196.7 |
200.5 |
173.0 |
.... |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
Policy Decisions |
229.8 |
158.4 |
88.4 |
(59.1) |
(119.9) |
|
Parameter Adjustments |
204.4 |
354.9 |
292.4 |
250.0 |
.... |
|
TOTAL EXPENSE ADJUSTMENTS (D) |
434.2 |
513.3 |
380.7 |
190.9 |
.... |
|
|
|
|
|
|
|
|
NET OPERATING BALANCE (A+C-D) |
(217.1) |
(297.5) |
(148.1) |
12.7 |
61.2 |
|
|
|
|
|
|
|
|
Less NET ACQUISITION OF NON‑FINANCIAL ASSETS |
|
|
|
|
|
|
Purchases of non‑financial assets |
|
|
|
|
|
|
Policy Decisions |
(37.5) |
(5.4) |
21.3 |
56.6 |
137.2 |
|
Parameter Adjustments |
(275.1) |
(127.3) |
(102.4) |
(22.7) |
.... |
|
|
(312.6) |
(132.7) |
(81.0) |
33.9 |
.... |
|
|
|
|
|
|
|
|
Less Sale of non‑financial assets |
|
|
|
|
|
|
Policy Decisions |
(18.8) |
(74.9) |
(70.5) |
(28.2) |
(14.5) |
|
Parameter Adjustments |
(3.7) |
10.8 |
3.2 |
7.1 |
.... |
|
|
(22.6) |
(64.1) |
(67.3) |
(21.1) |
.... |
|
|
|
|
|
|
|
|
Less Depreciation - Total Adjustments |
(10.4) |
(49.1) |
(50.6) |
(56.2) |
.... |
|
TOTAL NET ACQUISITION OF NON‑FINANCIAL ASSETS ADJUSTMENTS (E) |
(279.4) |
(19.5) |
36.9 |
111.2 |
.... |
|
|
|
|
|
|
|
|
FISCAL BALANCE (B+C-D-E) |
(598.8) |
(988.8) |
(770.3) |
(412.6) |
(189.6) |
|
|
|
|
|
|
|
Note:
1. Parameter adjustments for 2026‑27 are not reflected in the Table as the 2026‑27 Forward Estimate was not published in the 2022‑23 Budget. However, policy adjustments are reflected to show their full impact on the 2023‑24 Budget and Forward Estimates.
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Forward Estimates (Net Operating Balance) as per the 2022‑23 Budget (A) |
(474.6) |
19.1 |
32.2 |
30.5 |
.... |
|
Forward Estimates (Fiscal Balance) as per the 2022‑23 Budget (B) |
(1 135.9) |
(691.6) |
(553.2) |
(283.6) |
.... |
|
|
|
|
|
|
|
|
Revenue from transactions |
|
|
|
|
|
|
Policy Decisions |
|
|
|
|
|
|
Agency Revenue |
|
|
|
|
|
|
Housing Tasmania2 |
(34.2) |
(66.2) |
(66.2) |
(66.2) |
(66.2) |
|
|
(34.2) |
(66.2) |
(66.2) |
(66.2) |
(66.2) |
|
Taxation |
|
|
|
|
|
|
Duties3 |
.... |
(13.9) |
.... |
.... |
.... |
|
Land Tax4 |
.... |
.... |
(0.1) |
(0.1) |
(0.1) |
|
|
.... |
(13.9) |
(0.1) |
(0.1) |
(0.1) |
|
Total Policy Decisions |
(34.2) |
(80.0) |
(66.3) |
(66.3) |
(66.2) |
|
|
|
|
|
|
|
|
Parameter Adjustments |
|
|
|
|
|
|
Taxation |
|
|
|
|
|
|
Annual Wagering Levy |
.... |
.... |
0.1 |
0.1 |
.... |
|
Casino Tax and Licence Fees |
3.8 |
1.2 |
2.4 |
3.4 |
.... |
|
Duties |
(65.8) |
(101.2) |
(126.7) |
(133.3) |
.... |
|
Fire Service Levies |
12.5 |
13.4 |
14.5 |
14.7 |
.... |
|
Guarantee Fees |
(0.8) |
(2.5) |
(3.0) |
(1.5) |
.... |
|
Land Tax |
3.5 |
21.7 |
25.8 |
30.1 |
.... |
|
Lottery Tax |
0.9 |
0.6 |
0.2 |
(0.3) |
.... |
|
Motor Tax |
5.5 |
4.0 |
3.0 |
2.0 |
.... |
|
Motor Vehicle Fire Levy |
.... |
0.7 |
1.3 |
2.0 |
.... |
|
Payroll Tax |
37.9 |
45.1 |
52.8 |
61.1 |
.... |
|
Point of Consumption Wagering Tax |
0.7 |
0.8 |
0.8 |
0.9 |
.... |
|
Vehicle registration fees |
.... |
(0.5) |
(1.1) |
(1.7) |
.... |
|
Total Taxation |
(1.7) |
(16.9) |
(29.8) |
(22.4) |
.... |
|
|
|
|
|
|
|
|
Dividend, tax and rate equivalent income |
|
|
|
|
|
|
Dividend income |
|
|
|
|
|
|
Aurora Energy Pty Ltd |
(3.5) |
(6.5) |
(7.5) |
(5.0) |
.... |
|
Hydro Tasmania |
(13.0) |
(16.5) |
49.9 |
52.4 |
.... |
|
Motor Accidents Insurance Board |
(9.1) |
(3.9) |
(7.0) |
(9.4) |
.... |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Dividend income (continued) |
|
|
|
|
|
|
Sustainable Timber Tasmania |
1.0 |
.... |
.... |
.... |
.... |
|
Tasmanian Networks Pty Ltd |
10.6 |
5.8 |
(22.9) |
(3.8) |
.... |
|
Tasmanian Ports Corporation Pty Ltd |
6.4 |
2.5 |
5.5 |
(4.6) |
.... |
|
Tasmanian Public Finance Corporation |
1.7 |
7.9 |
2.1 |
4.4 |
.... |
|
|
(5.8) |
(10.7) |
20.1 |
34.0 |
.... |
|
Income tax equivalents |
|
|
|
|
|
|
Aurora Energy Pty Ltd |
(7.6) |
(4.8) |
(3.2) |
(1.8) |
.... |
|
Hydro Tasmania |
(8.8) |
23.4 |
27.0 |
14.6 |
.... |
|
Motor Accidents Insurance Board |
26.2 |
(0.7) |
0.2 |
(0.4) |
.... |
|
Tasmanian Networks Pty Ltd |
1.5 |
(2.3) |
(0.6) |
(1.5) |
.... |
|
Tasmanian Ports Corporation Pty Ltd |
1.1 |
2.1 |
(2.6) |
(3.5) |
.... |
|
Tasmanian Public Finance Corporation |
3.4 |
0.9 |
1.9 |
1.9 |
.... |
|
TT-Line Company Pty Ltd |
(3.5) |
.... |
7.8 |
10.5 |
.... |
|
|
12.2 |
18.6 |
30.6 |
19.8 |
.... |
|
Rates equivalent payments |
|
|
|
|
|
|
Hydro Tasmania5 |
.... |
.... |
.... |
.... |
.... |
|
|
.... |
.... |
.... |
.... |
.... |
|
|
|
|
|
|
|
|
Total Dividend, tax and rate equivalent income |
6.4 |
7.9 |
50.6 |
53.8 |
.... |
|
|
|
|
|
|
|
|
Interest income |
25.5 |
38.3 |
32.7 |
36.1 |
.... |
|
|
|
|
|
|
|
|
Australian Government Grants |
|
|
|
|
|
|
General Purpose Payments |
|
|
|
|
|
|
GST Revenue |
553.0 |
182.0 |
128.2 |
128.3 |
.... |
|
|
553.0 |
182.0 |
128.2 |
128.3 |
.... |
|
National Partnership Payments |
|
|
|
|
|
|
Community Services (including Disability) |
2.6 |
1.3 |
0.3 |
.... |
.... |
|
Education |
6.6 |
.... |
.... |
.... |
.... |
|
Environment |
0.3 |
48.3 |
50.3 |
15.8 |
.... |
|
Health |
62.0 |
1.0 |
23.3 |
2.1 |
.... |
|
Housing |
2.3 |
5.9 |
.... |
.... |
.... |
|
Infrastructure |
(108.1) |
(53.8) |
(79.6) |
(81.7) |
.... |
|
Natural Disaster Relief and Recovery Arrangements |
(1.1) |
1.0 |
9.9 |
.... |
.... |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
National Partnership Payments (continued) |
|
|
|
|
|
|
Other Services |
6.3 |
11.5 |
17.2 |
12.5 |
.... |
|
Skills and Workforce Development |
44.1 |
5.6 |
6.0 |
15.5 |
.... |
|
|
15.0 |
20.8 |
27.4 |
(35.8) |
.... |
|
Specific Purpose Payments |
|
|
|
|
|
|
National Health Reform Agreement |
45.7 |
.... |
.... |
.... |
.... |
|
National Housing and Homelessness Agreement |
1.8 |
2.4 |
2.7 |
3.3 |
.... |
|
National Agreement for Skills and Workforce Development |
2.3 |
3.0 |
3.3 |
4.4 |
.... |
|
Quality Schools, Quality Outcomes |
6.9 |
10.7 |
13.4 |
13.9 |
.... |
|
|
56.7 |
16.1 |
19.4 |
21.6 |
.... |
|
|
|
|
|
|
|
|
Other Australian Government Grants |
1.6 |
1.4 |
1.2 |
8.4 |
.... |
|
|
|
|
|
|
|
|
Total Australian Government Grants |
626.3 |
220.4 |
176.2 |
122.6 |
.... |
|
|
|
|
|
|
|
|
Agency Revenue |
|
|
|
|
|
|
Education, Children and Young People |
(6.2) |
(5.7) |
(4.6) |
(4.8) |
.... |
|
Environment Protection Authority |
0.7 |
0.5 |
0.5 |
0.5 |
.... |
|
Finance‑General |
50.5 |
0.8 |
0.8 |
0.8 |
.... |
|
Health |
19.5 |
24.1 |
24.7 |
26.8 |
.... |
|
Inland Fisheries Service |
.... |
.... |
0.1 |
.... |
.... |
|
Justice |
1.7 |
.... |
.... |
.... |
.... |
|
Marine and Safety Tasmania |
0.2 |
0.2 |
(0.2) |
(0.1) |
.... |
|
Natural Resources and Environment Tasmania |
8.5 |
9.8 |
16.8 |
16.8 |
.... |
|
Office of the Governor |
0.2 |
.... |
.... |
.... |
.... |
|
Premier and Cabinet |
0.1 |
.... |
0.1 |
0.1 |
.... |
|
Royal Tasmanian Botanical Gardens |
.... |
(0.1) |
(0.1) |
.... |
.... |
|
State Growth |
(4.5) |
(1.1) |
0.1 |
10.0 |
.... |
|
Tasmanian Audit Office |
.... |
0.6 |
1.1 |
1.5 |
.... |
|
TasTAFE |
(1.7) |
(2.4) |
(2.9) |
(2.9) |
.... |
|
Treasury and Finance |
0.3 |
0.3 |
0.4 |
0.5 |
.... |
|
Total Agency Revenue |
69.4 |
27.0 |
37.0 |
49.1 |
.... |
|
Total Parameter Adjustments |
726.0 |
276.7 |
266.7 |
239.3 |
.... |
|
|
|
|
|
|
|
|
TOTAL REVENUE FROM TRANSACTIONS ADJUSTMENTS (C) |
691.7 |
196.7 |
200.5 |
173.0 |
.... |
|
|
|
|
|
|
|
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Expenses from transactions |
|
|
|
|
|
|
Policy Decisions |
|
|
|
|
|
|
|
|
|
|
|
|
|
Communities Tasmania |
|
|
|
|
|
|
Unspent Appropriation and Roll Over Funding - Housing Tasmania2 |
(134.0) |
(93.2) |
(58.9) |
(57.3) |
(57.9) |
|
Unspent Other Housing Tasmania Expenditure2 |
(33.8) |
(69.5) |
(84.1) |
(79.3) |
(74.7) |
|
|
(167.8) |
(162.7) |
(143.0) |
(136.6) |
(132.6) |
|
Education, Children and Young People |
|
|
|
|
|
|
Continuation of Investment into the Child Safety Service System |
.... |
.... |
.... |
.... |
1.3 |
|
Intensive Family Engagement Service |
.... |
4.2 |
4.2 |
.... |
.... |
|
School Lunch Program Extension |
.... |
.... |
0.1 |
0.1 |
0.1 |
|
Tasmanian Autism Diagnostic Service |
.... |
.... |
.... |
0.4 |
.... |
|
Tasmanian Autism Diagnostic Service - Provider Panel |
.... |
0.2 |
.... |
.... |
.... |
|
Transition to Independence (T2i) |
.... |
.... |
3.0 |
.... |
.... |
|
|
.... |
4.3 |
7.3 |
0.5 |
1.4 |
|
Finance-General |
|
|
|
|
|
|
Appropriation Funding Provided for a Grant to Homes Tasmania 2022‑232 |
163.4 |
.... |
.... |
.... |
.... |
|
Budget Efficiency Dividend6 |
.... |
.... |
(50.0) |
(100.0) |
(150.0) |
|
Common Ticketing7 |
(3.0) |
(4.0) |
(4.0) |
.... |
.... |
|
COVID‑19 Hotel Quarantine Costs |
3.1 |
.... |
.... |
.... |
.... |
|
Electricity Concessions including Winter Bill Buster Discount |
11.3 |
.... |
.... |
.... |
.... |
|
Energy Bill Relief Fund |
.... |
11.4 |
34.0 |
.... |
.... |
|
Expansion of the House of Assembly to 35 Members - Office Accommodation8 |
.... |
.... |
0.2 |
0.2 |
0.2 |
|
HomeBuilder Replacement Grant |
0.2 |
.... |
.... |
.... |
.... |
|
Intelligent Transport System |
.... |
2.0 |
1.1 |
0.8 |
.... |
|
Metro Tasmania JackJumpers Sponsorship Grant |
0.2 |
.... |
.... |
.... |
.... |
|
Pandemic Leave Disaster Payment Extension |
1.6 |
.... |
.... |
.... |
.... |
|
Residual Housing Tasmania SPA balance provided to Homes Tasmania as a Grant2 |
43.0 |
.... |
.... |
.... |
.... |
|
Support for Homes Tasmania Capital Expansion |
2.0 |
.... |
.... |
.... |
.... |
|
|
221.8 |
9.4 |
(18.7) |
(99.0) |
(149.8) |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Health |
|
|
|
|
|
|
Aeromedical Support |
.... |
0.3 |
0.3 |
.... |
.... |
|
Allied Health Scholarships |
.... |
0.7 |
.... |
.... |
0.5 |
|
Ambulance Tasmania workforce - post COVID‑19 demand |
.... |
12.0 |
14.0 |
14.0 |
16.0 |
|
Community Transport Services Tasmania |
.... |
.... |
.... |
0.4 |
.... |
|
COVID‑19 Frontline Health Workers allowance |
21.4 |
.... |
.... |
.... |
.... |
|
COVID‑19 Health Managed Costs |
50.9 |
.... |
.... |
.... |
.... |
|
Enabling High Quality Mental Health Reforms |
.... |
9.0 |
13.0 |
13.0 |
13.0 |
|
Extending Public Health Response |
.... |
6.0 |
4.0 |
.... |
.... |
|
Holyoake Gottawanna Program |
.... |
0.3 |
0.3 |
0.3 |
.... |
|
Men’s Table9 |
.... |
.... |
.... |
.... |
.... |
|
Mental Health Integration and Reform |
.... |
.... |
3.3 |
.... |
.... |
|
Residential Rehabilitation Beds |
.... |
4.3 |
4.3 |
.... |
.... |
|
Royal Flying Doctor Service - Regional Oral Health Support |
.... |
0.3 |
0.3 |
0.3 |
0.3 |
|
Salvation Army Street Teams |
.... |
0.2 |
0.2 |
0.2 |
.... |
|
Supporting Access to Cutting Edge Treatments for Children with Cancer |
.... |
.... |
0.3 |
.... |
.... |
|
Sustainable access to public endoscopy services8 |
.... |
8.3 |
9.5 |
9.5 |
9.5 |
|
Tasmanian Eating Disorder Service |
.... |
3.0 |
5.0 |
7.0 |
9.0 |
|
Transforming Public Outpatient Care, Musculoskeletal and Pain Services |
.... |
7.5 |
7.5 |
.... |
.... |
|
Virtual Care including COVID@homeplus |
.... |
18.0 |
23.0 |
.... |
.... |
|
|
72.2 |
69.9 |
85.0 |
44.7 |
48.3 |
|
Justice |
|
|
|
|
|
|
Administration of House of Assembly Elections |
.... |
.... |
0.5 |
.... |
.... |
|
Acting Judges |
.... |
0.6 |
0.6 |
.... |
.... |
|
Alcohol and Drug Intervention Officers |
.... |
0.4 |
0.4 |
0.4 |
0.4 |
|
Civil Litigation Division |
.... |
0.4 |
.... |
.... |
.... |
|
Coronial Inquest - Hillcrest Primary School |
0.5 |
.... |
.... |
.... |
.... |
|
Family Violence Offender Intervention Programs |
.... |
0.5 |
0.5 |
.... |
.... |
|
Financial Support for Consumers affected by Building Company Insolvency |
1.1 |
.... |
.... |
.... |
.... |
|
Increased Prison Therapeutic Staff |
.... |
0.5 |
0.5 |
.... |
.... |
|
Legal Assistance Sector Support |
.... |
.... |
.... |
0.8 |
.... |
|
National Redress Scheme and associated Civil Claims Compensation |
17.0 |
20.0 |
20.0 |
20.0 |
10.0 |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
|
|
|
|
|
|
|
Office of the Crown Solicitor - sustaining support for Government’s Infrastructure Program |
.... |
0.2 |
.... |
.... |
.... |
|
Reduce Re-offending Program |
.... |
.... |
0.5 |
.... |
.... |
|
Safe at Home Family Violence Service System |
.... |
4.9 |
4.9 |
4.9 |
4.9 |
|
Serious Cases Fund - Complex Criminal Trials |
.... |
.... |
0.8 |
.... |
.... |
|
State of the Environment Report |
.... |
0.4 |
.... |
.... |
.... |
|
Tasmania Prison Service - Cost Pressures |
15.0 |
10.0 |
.... |
.... |
.... |
|
|
33.6 |
37.7 |
28.6 |
26.1 |
15.2 |
|
Marine and Safety Tasmania |
|
|
|
|
|
|
Flinders Island Boat Ramp Upgrade10 |
.... |
.... |
.... |
.... |
.... |
|
|
.... |
.... |
.... |
.... |
.... |
|
|
|
|
|
|
|
|
10 Year Recreational Sea Fishing Strategy |
.... |
0.2 |
0.2 |
.... |
.... |
|
Abalone Industry Reinvestment Fund |
.... |
1.0 |
1.0 |
.... |
.... |
|
Aboriginal Cultural Fisheries |
.... |
0.1 |
0.2 |
.... |
.... |
|
Apiary Biosecurity (Protection against Varroa Mite) |
.... |
0.1 |
0.1 |
0.1 |
0.1 |
|
Ben Lomond Ski Patrol11 |
.... |
.... |
.... |
.... |
.... |
|
Bushfires - Winch Insertion |
.... |
.... |
0.5 |
.... |
.... |
|
Circular Economy |
.... |
1.1 |
1.0 |
.... |
.... |
|
Container Refund Scheme |
.... |
0.7 |
.... |
.... |
.... |
|
Crown Lands Transaction Turnaround Time |
.... |
1.0 |
1.0 |
.... |
.... |
|
East Coast Rock Lobster Translocation Program |
.... |
0.1 |
0.1 |
.... |
.... |
|
Emergency Animal Disease Risk Fund |
.... |
0.5 |
0.7 |
0.7 |
0.7 |
|
Emerging Marine Industry Support |
.... |
0.1 |
0.1 |
0.1 |
.... |
|
Flathead Recovery Program |
.... |
0.5 |
0.5 |
.... |
.... |
|
Implementation of Container Refund Scheme |
2.0 |
.... |
.... |
.... |
.... |
|
Increased Funding to the Tasmanian Institute of Agriculture (Agriculture Innovation Fund) |
.... |
1.0 |
1.0 |
.... |
.... |
|
Land Titles Office Additional Resources |
.... |
.... |
0.3 |
.... |
.... |
|
Landcare Action Grants Program |
.... |
.... |
.... |
0.2 |
.... |
|
Orange‑bellied Parrot Migration and Tracking8 |
.... |
0.7 |
0.3 |
.... |
.... |
|
Salmon Plan |
.... |
0.5 |
0.2 |
0.2 |
.... |
|
Supporting Recreational Sea Fishing in Local Communities |
.... |
.... |
0.2 |
.... |
.... |
|
Supporting Tasmania’s Built Heritage |
.... |
1.5 |
1.5 |
1.5 |
.... |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Natural Resources and Environment Tasmania (continued) |
|
|
|
|
|
|
TARFish Peak Body Support |
.... |
.... |
0.1 |
0.1 |
.... |
|
Weed Action Fund |
.... |
0.7 |
0.7 |
.... |
.... |
|
Wild Fisheries Action Plan |
.... |
0.3 |
0.3 |
.... |
.... |
|
|
2.0 |
10.0 |
9.8 |
3.0 |
0.8 |
|
Office of the Director of Public Prosecutions |
|
|
|
|
|
|
Acting Judges |
.... |
0.4 |
0.4 |
.... |
.... |
|
DPP Additional Funding |
.... |
.... |
0.8 |
.... |
.... |
|
|
.... |
0.4 |
1.1 |
.... |
.... |
|
Office of the Ombudsman |
|
|
|
|
|
|
Tasmanian National Preventive Mechanism |
.... |
0.7 |
.... |
.... |
.... |
|
|
.... |
0.7 |
.... |
.... |
.... |
|
Police, Fire and Emergency Management |
|
|
|
|
|
|
Body Worn Cameras, Interview and Cloud Services |
.... |
1.1 |
1.1 |
1.1 |
1.1 |
|
Emergency Services Personnel and Volunteers Health and Wellbeing Program |
.... |
.... |
.... |
1.5 |
1.5 |
|
Kentish and Latrobe Flood Mitigation |
.... |
2.2 |
.... |
.... |
.... |
|
Sex Offender Compliance and Investigation Response |
.... |
0.4 |
0.8 |
0.8 |
0.9 |
|
Sex Offender Disclosure Program |
.... |
0.3 |
.... |
.... |
.... |
|
Support for Injured Workers |
5.9 |
6.0 |
4.5 |
4.5 |
4.5 |
|
|
5.9 |
10.0 |
6.4 |
7.9 |
7.9 |
|
Premier and Cabinet |
|
|
|
|
|
|
Aboriginal Heritage Regulatory Advice and Assessments |
0.3 |
.... |
.... |
.... |
.... |
|
Aboriginal Partnerships: Priority Reforms in Aboriginal Affairs |
.... |
2.2 |
.... |
.... |
.... |
|
Appointment of Independent Project Manager to implement recommendations arising from the "Motion for Respect Report into Workplace Culture in the Tasmanian Ministerial and Parliamentary Services" |
0.2 |
0.4 |
0.4 |
.... |
.... |
|
Bridport Ex-Services Bowls and Community Club |
0.1 |
.... |
.... |
.... |
.... |
|
Build Up Tassie12 |
.... |
0.2 |
0.3 |
0.8 |
0.8 |
|
Commission of Inquiry Response |
.... |
30.0 |
.... |
.... |
.... |
|
Community Services Action Plans and Strategies |
.... |
0.8 |
.... |
.... |
.... |
|
Community Support Funding Uplift |
.... |
2.1 |
.... |
.... |
.... |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Premier and Cabinet (continued) |
|
|
|
|
|
|
Cyber Security |
.... |
.... |
0.7 |
0.7 |
0.7 |
|
Digital Inclusion Strategy |
.... |
0.2 |
.... |
.... |
.... |
|
Disaster Assistance for Flood-impacted Communities |
10.1 |
19.4 |
11.0 |
.... |
.... |
|
Expand Annie Kenney Youth Shelter13 |
.... |
0.2 |
0.2 |
0.2 |
0.2 |
|
Family Violence Rapid Rehousing13 |
.... |
1.0 |
1.0 |
1.0 |
1.0 |
|
Food Vans |
.... |
.... |
0.2 |
0.2 |
0.2 |
|
Hillcrest Primary School - Community Assistance - Long Term Recovery Activities |
0.9 |
0.4 |
0.6 |
.... |
.... |
|
Hobart Women’s Shelter Emergency Response13 |
.... |
0.4 |
0.4 |
0.4 |
0.4 |
|
Homes Tasmania - Capital Expansion Support |
.... |
11.4 |
15.1 |
18.9 |
23.3 |
|
Interpretive project for Wybalenna on Flinders Island |
0.6 |
.... |
.... |
.... |
.... |
|
Kentish and Central Coast Councils - North West Storm Relief Package |
0.3 |
.... |
.... |
.... |
.... |
|
Kentish House Family Support Service |
.... |
0.1 |
0.1 |
0.1 |
.... |
|
LGBTIQ+ Grants |
.... |
.... |
0.1 |
0.1 |
.... |
|
Literacy Community‑wide Framework |
.... |
1.0 |
1.5 |
2.0 |
2.0 |
|
Loaves and Fishes Tasmania - Purchase of Vehicles |
0.2 |
.... |
.... |
.... |
.... |
|
MyHome Extension13 |
.... |
0.5 |
0.5 |
.... |
.... |
|
Neighbourhood Houses |
.... |
1.8 |
.... |
.... |
.... |
|
Neighbourhood Houses Tasmania - Governance Capacity |
.... |
.... |
.... |
0.1 |
.... |
|
Office of Local Government - Compulsory Voting |
0.4 |
.... |
.... |
0.2 |
.... |
|
Open Spaces Grant Program |
5.0 |
.... |
.... |
.... |
.... |
|
Peak Body Funding |
.... |
.... |
0.9 |
0.9 |
.... |
|
Phoenix House |
.... |
.... |
0.1 |
0.1 |
.... |
|
Playgroup Tasmania Holbrook Street Centre |
0.1 |
.... |
.... |
.... |
.... |
|
Private Rental Incentive Scheme Enhancement13 |
.... |
(0.8) |
1.3 |
1.0 |
.... |
|
Protective Security Policy Framework |
.... |
0.2 |
0.2 |
0.2 |
0.2 |
|
Recovery Tasmania |
.... |
.... |
0.2 |
0.2 |
.... |
|
Restructure Homes Tasmania Grant Appropriation2 |
.... |
63.1 |
59.9 |
58.3 |
58.9 |
|
RSL Tasmania - Peak Body Funding |
.... |
.... |
.... |
0.1 |
.... |
|
Seasonal Workers Quarantine Costs |
0.2 |
.... |
.... |
.... |
.... |
|
Severe Weather Event |
0.3 |
.... |
.... |
.... |
.... |
|
Shelter Tas - Additional Funding13 |
.... |
0.1 |
0.1 |
.... |
.... |
|
Statewide Safe Spaces13 |
.... |
7.0 |
7.0 |
7.0 |
7.0 |
|
Strategic Regional Partnerships |
.... |
1.4 |
2.2 |
.... |
.... |
|
Tasmanian Men’s Sheds Association |
.... |
.... |
0.2 |
0.2 |
.... |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Premier and Cabinet (continued) |
|
|
|
|
|
|
Tasmanian State Service Aboriginal Employment Strategy and Youth Employment |
.... |
0.3 |
0.3 |
.... |
.... |
|
Tasmania’s Third Family and Sexual Violence Action Plan: Survivors at the Centre 2022‑2027 |
.... |
12.5 |
12.5 |
12.5 |
12.5 |
|
Volunteering Tasmania - EV CREW |
.... |
0.1 |
0.1 |
.... |
.... |
|
West Tamar Council Landslip Cost Sharing |
0.2 |
.... |
.... |
.... |
.... |
|
Youth Week and Other Youth Targeted Programs |
.... |
.... |
0.1 |
.... |
.... |
|
Youth2Independence13 |
.... |
0.1 |
1.9 |
1.9 |
1.9 |
|
|
18.7 |
156.0 |
119.0 |
107.0 |
109.2 |
|
Royal Tasmanian Botanical Gardens |
|
|
|
|
|
|
Critical Irrigation Repairs and Heritage Wall Repairs8 |
.... |
0.1 |
.... |
.... |
.... |
|
|
.... |
0.1 |
.... |
.... |
.... |
|
State Growth |
|
|
|
|
|
|
Accelerating Trade Program |
.... |
0.4 |
0.4 |
.... |
.... |
|
Basketball Tasmania Development Officers |
0.1 |
0.2 |
0.2 |
.... |
.... |
|
Bass Strait Air |
0.2 |
.... |
.... |
.... |
.... |
|
Big hART |
0.3 |
.... |
.... |
.... |
.... |
|
Boag’s Brewery Visitor Centre |
0.5 |
0.5 |
.... |
.... |
.... |
|
Business Energy Efficiency Scheme |
0.6 |
1.5 |
1.2 |
0.8 |
.... |
|
Business Events Tasmania |
.... |
.... |
0.2 |
0.2 |
0.2 |
|
C&I Recontracting Energy Assistance |
6.0 |
.... |
.... |
.... |
.... |
|
Coastal Pathway - Don to Leith |
0.6 |
.... |
.... |
.... |
.... |
|
Collingwood Magpies Netball Team in Tasmania |
0.3 |
0.4 |
0.4 |
0.1 |
.... |
|
Common Ticketing7 |
10.7 |
14.6 |
.... |
.... |
.... |
|
Cultural and Creative Industry Operational Assistance |
.... |
.... |
.... |
1.2 |
1.2 |
|
Delivering the Renewable Energy Agenda |
.... |
2.0 |
1.8 |
.... |
.... |
|
Elphinstone International Defence Infrastructure |
.... |
5.0 |
.... |
.... |
.... |
|
Employer of Choice |
.... |
.... |
0.6 |
0.6 |
0.6 |
|
Energy Saver Loan Scheme |
.... |
1.2 |
2.5 |
0.8 |
.... |
|
Events Tasmania Contract Renewal |
1.0 |
.... |
.... |
.... |
.... |
|
Events Tasmania Support |
.... |
1.0 |
.... |
.... |
.... |
|
Farm Debt Mediation Scheme |
.... |
.... |
.... |
0.1 |
0.1 |
|
Football Tasmania |
.... |
.... |
.... |
0.5 |
.... |
|
Funding of Key VET Courses (JobTrainer State matched commitment) |
1.8 |
.... |
.... |
.... |
.... |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
State Growth (continued) |
|
|
|
|
|
|
Funding to MAST for Triabunna Port Navigation (Dredging) |
0.4 |
.... |
.... |
.... |
.... |
|
Georges Bay Multi-Track |
0.4 |
.... |
.... |
.... |
.... |
|
Hawthorn Football Club Partnership |
3.3 |
1.1 |
.... |
.... |
.... |
|
Infrastructure Tasmania Operational Funding |
.... |
.... |
1.0 |
.... |
.... |
|
Jobs Hub Initiative |
.... |
.... |
2.8 |
2.8 |
.... |
|
Live Performance Support Program |
1.7 |
.... |
.... |
.... |
.... |
|
Major Events Partnerships and Grants Programs |
0.9 |
.... |
.... |
.... |
.... |
|
Major Industrials and Other Investor Client Service Model |
.... |
0.3 |
0.3 |
0.3 |
.... |
|
Metro Tasmania Operating Costs |
4.5 |
.... |
.... |
.... |
.... |
|
Moonah and Clarence Community Sport Facility Improvements |
2.0 |
.... |
.... |
.... |
.... |
|
Norske Skog - Boyer Mill Site Projects - State Contribution |
2.0 |
.... |
.... |
.... |
.... |
|
Nyrstar Cell House - Matched Funding Requirement |
20.0 |
.... |
.... |
.... |
.... |
|
Physical Disability Sports Programs - ParaQuad |
.... |
.... |
0.1 |
0.1 |
0.1 |
|
Reclink |
.... |
.... |
0.2 |
0.2 |
0.2 |
|
Regional Connectivity Program Round 2 |
.... |
.... |
0.6 |
.... |
.... |
|
Residential Land Rebate Scheme |
.... |
3.0 |
.... |
.... |
.... |
|
Science and Technology Initiatives |
.... |
1.8 |
.... |
.... |
.... |
|
Screen Innovation Funding |
.... |
0.5 |
0.5 |
.... |
.... |
|
Small Business Growth Strategy Grants Program |
0.2 |
0.5 |
0.2 |
.... |
.... |
|
Special Partnerships - Events Tasmania |
2.1 |
3.4 |
.... |
.... |
.... |
|
Sporting Organisations |
.... |
0.3 |
.... |
.... |
.... |
|
Summer Sports Carnivals |
.... |
.... |
.... |
0.3 |
.... |
|
Surf Life Saving Tasmania - Marine Rescue Vehicles, Trailers and Vessels |
.... |
.... |
.... |
0.3 |
.... |
|
Surf Life Saving Tasmania - Support |
.... |
.... |
.... |
0.5 |
.... |
|
Tasmanian Active Infrastructure Grants Program |
.... |
5.0 |
5.0 |
.... |
.... |
|
Tasmanian AFL Team Package |
.... |
10.9 |
5.9 |
5.8 |
12.0 |
|
Tasmanian Defence Advocate |
.... |
.... |
0.3 |
0.3 |
0.3 |
|
Tasmanian Defence Industry Strategy |
.... |
0.5 |
0.8 |
0.8 |
0.8 |
|
Tasmanian Green Hydrogen Hub (Project Resources) |
.... |
0.3 |
0.3 |
0.3 |
.... |
|
Tasmanian Hockey Centre - Infrastructure Upgrade |
1.3 |
.... |
.... |
.... |
.... |
|
Tasmania’s Aboriginal Heritage |
.... |
.... |
0.3 |
0.3 |
.... |
|
Taste of Summer 2023‑26 |
.... |
1.5 |
1.2 |
1.2 |
.... |
|
Ticket to Play |
.... |
.... |
1.0 |
1.0 |
1.0 |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
State Growth (continued) |
|
|
|
|
|
|
Tourism and Hospitality Supply |
.... |
1.1 |
.... |
.... |
.... |
|
Tourism Innovation Grant Fund |
2.2 |
.... |
.... |
.... |
.... |
|
Visitor Experience and Training (VXT) |
1.0 |
.... |
.... |
.... |
.... |
|
Waverley Mills Roof Repair Support |
0.5 |
.... |
.... |
.... |
.... |
|
West Coast Wilderness Railway |
.... |
1.3 |
.... |
.... |
.... |
|
|
64.7 |
58.2 |
27.4 |
18.0 |
16.3 |
|
TasTAFE |
|
|
|
|
|
|
TasTAFE Priority Infrastructure Upgrades |
.... |
1.0 |
2.0 |
.... |
.... |
|
|
.... |
1.0 |
2.0 |
.... |
.... |
|
Tourism Tasmania |
|
|
|
|
|
|
Additional Marketing |
.... |
.... |
.... |
6.0 |
.... |
|
|
.... |
.... |
.... |
6.0 |
.... |
|
Depreciation |
|
|
|
|
|
|
Communities Tasmania |
|
|
|
|
|
|
Unspent Other Housing Tasmania Expenditure2 |
(21.3) |
(36.6) |
(36.6) |
(36.6) |
(36.6) |
|
|
(21.3) |
(36.6) |
(36.6) |
(36.6) |
(36.6) |
|
|
|
|
|
|
|
|
Total Policy Decisions |
229.8 |
158.4 |
88.4 |
(59.1) |
(119.9) |
|
|
|
|
|
|
|
|
Parameter Adjustments |
|
|
|
|
|
|
Borrowing costs |
(3.7) |
6.1 |
26.5 |
44.8 |
.... |
|
Depreciation |
10.9 |
(12.5) |
(14.0) |
(19.6) |
.... |
|
Nominal superannuation interest expense |
99.3 |
98.1 |
98.9 |
99.7 |
.... |
|
|
|
|
|
|
|
|
Agency Expenditure |
|
|
|
|
|
|
Communities Tasmania |
3.4 |
.... |
.... |
.... |
.... |
|
Education, Children and Young People |
32.9 |
43.7 |
38.4 |
42.6 |
.... |
|
Environment Protection Authority |
2.4 |
1.5 |
1.5 |
1.5 |
.... |
|
Finance-General |
(157.5) |
(15.1) |
(40.9) |
(76.3) |
.... |
|
Health |
228.5 |
112.3 |
50.9 |
61.3 |
.... |
|
House of Assembly |
0.1 |
0.1 |
0.1 |
0.1 |
.... |
|
Inland Fisheries Service |
.... |
0.4 |
0.4 |
0.4 |
.... |
|
Integrity Commission |
0.2 |
.... |
0.2 |
.... |
.... |
|
Justice |
4.6 |
7.4 |
3.3 |
3.2 |
.... |
|
Legislative Council |
0.2 |
0.1 |
0.1 |
0.1 |
.... |
|
Legislature-General |
0.4 |
1.9 |
1.8 |
1.8 |
.... |
|
Marine and Safety Tasmania |
0.3 |
(0.7) |
1.4 |
1.4 |
.... |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Agency Expenditure (continued) |
|
|
|
|
|
|
Ministerial and Parliamentary Support |
0.3 |
0.3 |
0.3 |
0.3 |
.... |
|
Natural Resources and Environment Tasmania |
22.4 |
22.6 |
22.5 |
19.8 |
.... |
|
Office of the Director of Public Prosecutions |
0.7 |
0.1 |
0.2 |
0.1 |
.... |
|
Office of the Governor |
0.6 |
0.5 |
0.5 |
0.5 |
.... |
|
Office of the Ombudsman |
(0.2) |
0.3 |
.... |
.... |
.... |
|
Police, Fire and Emergency Management |
15.6 |
9.8 |
7.4 |
7.7 |
.... |
|
Premier and Cabinet |
(24.1) |
(14.8) |
(7.3) |
(0.6) |
.... |
|
Royal Tasmanian Botanical Gardens |
(0.2) |
0.2 |
(0.1) |
(0.1) |
.... |
|
State Fire Commission |
2.6 |
12.2 |
10.9 |
11.2 |
.... |
|
State Growth |
(27.8) |
81.9 |
87.4 |
42.4 |
.... |
|
Tasmanian Audit Office |
0.1 |
0.8 |
1.2 |
1.6 |
.... |
|
TasTAFE |
(13.2) |
(4.1) |
(0.9) |
3.4 |
.... |
|
Tourism Tasmania |
1.8 |
0.3 |
0.1 |
.... |
.... |
|
Treasury and Finance |
3.4 |
0.8 |
0.8 |
2.0 |
.... |
|
Other14 |
0.4 |
0.7 |
0.8 |
0.8 |
.... |
|
Total Agency Expenditure |
97.9 |
263.3 |
181.0 |
125.2 |
.... |
|
Total Parameter Adjustments |
204.4 |
354.9 |
292.4 |
250.0 |
.... |
|
|
|
|
|
|
|
|
TOTAL EXPENSES FROM TRANSACTIONS ADJUSTMENTS (D) |
434.2 |
513.3 |
380.7 |
190.9 |
.... |
|
|
|
|
|
|
|
|
NET OPERATING BALANCE (A+C-D) |
(217.1) |
(297.5) |
(148.1) |
12.7 |
61.2 |
|
|
|
|
|
|
|
|
Less NET ACQUISITION OF NON‑FINANCIAL ASSETS |
|
|
|
|
|
|
Purchases of non‑financial assets from transactions |
|
|
|
|
|
|
Policy Decisions |
|
|
|
|
|
|
Communities Tasmania |
|
|
|
|
|
|
Unspent Purchases of non‑financial assets SPA funding - Housing Tasmania2 |
(7.8) |
(74.1) |
(54.7) |
(17.4) |
(8.7) |
|
Unspent Purchases of non‑financial assets Appropriation funding - Housing Tasmania2 |
(29.6) |
(19.5) |
(28.5) |
(44.9) |
(84.5) |
|
|
(37.5) |
(93.6) |
(83.2) |
(62.3) |
(93.2) |
|
Finance-General |
|
|
|
|
|
|
Expansion of the House of Assembly to 35 Members - Office Accommodation8 |
.... |
1.7 |
1.7 |
.... |
.... |
|
|
.... |
1.7 |
1.7 |
.... |
.... |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Health |
|
|
|
|
|
|
Digital Health Transformation |
.... |
.... |
.... |
.... |
50.0 |
|
Launceston General Hospital Helipad |
.... |
15.0 |
.... |
.... |
.... |
|
Statewide Rural Hospital and Ambulance Station Upgrade Fund15 |
.... |
2.8 |
2.8 |
.... |
.... |
|
Sustainable Access to Public Endoscopy Services8 |
.... |
1.2 |
.... |
.... |
.... |
|
|
.... |
19.0 |
2.8 |
.... |
50.0 |
|
Justice |
|
|
|
|
|
|
Burnie Court Complex |
.... |
(3.1) |
(3.0) |
13.9 |
37.3 |
|
Risdon Prison Complex - Additional Maximum Security Accommodation |
.... |
1.3 |
7.1 |
26.5 |
15.1 |
|
|
.... |
(1.9) |
4.2 |
40.4 |
52.4 |
|
Natural Resources and Environment Tasmania |
|
|
|
|
|
|
Bushfire Management Capacity |
.... |
0.3 |
0.3 |
.... |
.... |
|
Maria Island Jetty |
.... |
0.9 |
.... |
.... |
.... |
|
Orange‑bellied Parrot Migration and Tracking8 |
.... |
0.3 |
0.1 |
.... |
.... |
|
Sustainable Renewal and Maintenance of PWS Critical Roads |
.... |
2.0 |
2.0 |
.... |
.... |
|
Tasmanian Agricultural Precinct Preparedness |
.... |
0.5 |
1.5 |
2.0 |
.... |
|
|
.... |
4.0 |
3.9 |
2.0 |
.... |
|
Police, Fire and Emergency Management |
|
|
|
|
|
|
Police Academy Capacity Upgrades |
.... |
0.5 |
3.6 |
.... |
.... |
|
|
.... |
0.5 |
3.6 |
.... |
.... |
|
Royal Tasmanian Botanical Gardens |
|
|
|
|
|
|
Critical Irrigation Repairs and Heritage Wall Repairs8 |
.... |
0.3 |
.... |
.... |
.... |
|
|
.... |
0.3 |
.... |
.... |
.... |
|
State Fire Commission |
|
|
|
|
|
|
Supporting our Emergency Services Volunteers - Capital Program Boost |
.... |
5.0 |
5.0 |
.... |
.... |
|
|
.... |
5.0 |
5.0 |
.... |
.... |
|
State Growth |
|
|
|
|
|
|
Huntingfield Roundabout Improvements |
.... |
4.5 |
1.0 |
.... |
.... |
|
Macquarie Point Urban Renewal |
.... |
15.0 |
30.0 |
60.0 |
125.0 |
|
Northern Suburbs (Launceston) Community Recreation Hub Project |
.... |
22.5 |
5.0 |
.... |
.... |
|
Targeting Congestion Package |
.... |
5.6 |
6.3 |
6.0 |
2.9 |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
|
|
|
|
|
|
|
Tasmanian AFL Package - High Performance Centre |
.... |
10.0 |
40.0 |
10.0 |
.... |
|
TMAG Building Maintenance |
.... |
0.5 |
1.0 |
0.5 |
.... |
|
|
.... |
58.1 |
83.3 |
76.5 |
127.9 |
|
TasTAFE |
|
|
|
|
|
|
Freer Farm Centre of Excellence |
.... |
1.5 |
.... |
.... |
.... |
|
|
.... |
1.5 |
.... |
.... |
.... |
|
Total Policy Decisions |
(37.5) |
(5.4) |
21.3 |
56.6 |
137.2 |
|
|
|
|
|
|
|
|
Parameter Adjustments |
|
|
|
|
|
|
Education, Children and Young People |
(18.4) |
(10.1) |
33.2 |
27.8 |
.... |
|
Finance-General |
(8.5) |
6.2 |
(17.2) |
2.0 |
.... |
|
Health |
(1.3) |
0.4 |
39.5 |
12.1 |
.... |
|
Justice |
(36.7) |
10.1 |
16.0 |
20.3 |
.... |
|
Legislature-General |
(0.1) |
.... |
.... |
.... |
.... |
|
Marine and Safety Tasmania |
(0.2) |
(0.1) |
(0.1) |
(0.1) |
.... |
|
Natural Resources and Environment Tasmania |
(16.2) |
(6.4) |
(8.5) |
24.4 |
.... |
|
Office of the Governor |
0.3 |
.... |
.... |
.... |
.... |
|
Police, Fire and Emergency Management |
8.5 |
1.5 |
2.5 |
(4.6) |
.... |
|
Premier and Cabinet |
0.2 |
.... |
.... |
.... |
.... |
|
Royal Tasmanian Botanical Gardens |
.... |
(2.9) |
.... |
3.3 |
.... |
|
State Fire Commission |
(1.0) |
1.5 |
1.8 |
1.4 |
.... |
|
State Growth |
(185.7) |
(121.5) |
(164.4) |
(97.6) |
.... |
|
Tasmanian Audit Office |
.... |
(0.4) |
.... |
.... |
.... |
|
TasTAFE |
(15.1) |
(6.4) |
(6.2) |
(11.9) |
.... |
|
Tourism Tasmania |
0.5 |
.... |
.... |
.... |
.... |
|
Treasury and Finance |
(1.4) |
0.6 |
1.0 |
.... |
.... |
|
Total Parameter Adjustments |
(275.1) |
(127.3) |
(102.4) |
(22.7) |
.... |
|
|
|
|
|
|
|
|
Total Purchases of non‑financial assets from transactions (E) |
(312.6) |
(132.7) |
(81.0) |
33.9 |
.... |
|
|
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Outcome |
Budget |
Estimate |
Estimate |
Estimate1 |
|
|
$m |
$m |
$m |
$m |
$m |
|
Gain/(loss) on Sale of non‑financial assets |
|
|
|
|
|
|
Policy Decisions |
|
|
|
|
|
|
Communities Tasmania |
|
|
|
|
|
|
Transfer to Homes Tasmania2 |
(18.8) |
(74.9) |
(70.5) |
(28.2) |
(14.5) |
|
Total Policy Decisions |
(18.8) |
(74.9) |
(70.5) |
(28.2) |
(14.5) |
|
|
|
|
|
|
|
|
Parameter Adjustments |
(3.7) |
10.8 |
3.2 |
7.1 |
.... |
|
|
|
|
|
|
|
|
Less Total Sale of non‑financial assets from transactions (F) |
(22.6) |
(64.1) |
(67.3) |
(21.1) |
.... |
|
|
|
|
|
|
|
|
Depreciation - Total Adjustments (G) |
(10.4) |
(49.1) |
(50.6) |
(56.2) |
.... |
|
|
|
|
|
|
|
|
TOTAL NET ACQUISITION OF NON‑FINANCIAL ASSETS FROM TRANSACTIONS ADJUSTMENTS (H) (E - F - G) |
(279.4) |
(19.5) |
36.9 |
111.2 |
.... |
|
|
|
|
|
|
|
|
FISCAL BALANCE (B + C - D - H) |
(598.8) |
(988.8) |
(770.3) |
(412.6) |
(189.6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes:
1. Parameter adjustments for 2026‑27 are not reflected in the Table as the 2026‑27 Forward Estimate was not published in the 2022‑23 Budget. However, policy adjustments are reflected to show their full impact on the 2023‑24 Budget and Forward Estimates.
2. Details on the restructure and abolition of the former Department of Communities Tasmania and the establishment of Homes Tasmania are provided in chapter 1 of Government Services Budget Paper No 2.
3. The decrease in Duties in 2023‑24 reflects the Government’s decision to extend the First Home Buyer and Pensioner downsizing duty concessions for a further 12 months to 30 June 2024.
4. The decrease in Land Tax reflects the Government’s decision to extend the land tax exemptions for new homes used for long‑term rental and short‑term visitor accommodation converted to long‑term rental for a further 12 months to 30 June 2024.
5. An amount of $24 000 has been included in 2022‑23, $26 000 in 2023‑24 and 2024‑25, and $27 000 in 2025‑26.
6. Additional information on the Budget Efficiency Dividend is provided in chapter 1 of this Budget Paper.
7. This project was originally to be delivered by Metro Tasmania, however it has been reallocated to the Department of State Growth for delivery. Further information in relation to the project can be found in chapter 10 of Government Services Budget Paper No 2.
8. This initiative has both a capital and an operating expenditure component.
9. An amount of $25 000 has been included in 2023‑24 and 2024‑25 for Men’s Table.
10. An amount of $30 000 has been included in 2023‑24 for the Flinders Island Boat Ramp Upgrade.
11. An amount of $40 000 has been included in 2024‑25 and 2025‑26 for the Ben Lomond Ski Patrol.
12. This initiative will be delivered by the Department of Premier and Cabinet in conjunction with Homes Tasmania.
13. This initiative will be delivered by Homes Tasmania. Additional information is provided in chapter 28 of Government Services, Budget Paper No 2.
14. The increase in Other primarily reflects adjustments to cost estimates associated with the State’s superannuation expense and liability.
15. Additional funding is provided to progress upgrades to the Longford and Oatlands Ambulance stations.
In addition to the notes provided above, further information in relation to the 2023‑24 Budget and Forward Estimates and the variations detailed in the Policy and Parameter Statement is provided elsewhere in the Budget Papers. In particular:
· Chapter 5 of this Budget Paper includes background information in relation to Budget revenue estimates including in relation to GST, other Australian Government funding, State Taxation and Dividend, tax and rate equivalent income;
· Chapter 6 of this Budget Paper includes information on Government infrastructure investment; and
· Government Services Budget Paper No 2 includes comprehensive information (including information on new funding allocations and the reasons for variations in expenditure across the Budget and Forward Estimates) on agency revenues, expenditure and investment in infrastructure.
Tables 4.6 and 4.7 provide information for the total estimated Receipts and Expenditure of the Public Account for the 2023‑24 Budget and Forward Estimates period. Estimated receipts are categorised based on the source and nature of each receipt. Estimated expenditure is categorised by the relevant Authority for Expenditure from the Public Account as provided under the Financial Management Act 2016.
These tables meet the requirements of sections 19(1)(a) and 19(1)(b) of the Financial Management Act. General Government Sector financial statements required under section 19(1)(c) are published elsewhere in this chapter.
These tables reflect the gross cash receipts to, and expenditure from, the Public Account. As such, they do not include the impact of the elimination of inter‑entity transactions within the Public Account or whole‑of‑government investment and cash management activities within the Public Account. These transactions are fully reflected in General Government Statements and the key financial measures, including the Net Operating Balance, Fiscal Balance and Net Debt. Consequently, the receipts and expenditures detailed in the tables will not reconcile directly with those presented in the General Government Cash Flow Statement.
|
|
2022‑23 |
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Budget |
Outcome |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$m |
$m |
$m |
$m |
$m |
$m |
|
|
|
|
|
|
|
|
|
General Receipts |
|
|
|
|
|
|
|
Australian Government Sources |
3 838.3 |
4 411.0 |
4 354.3 |
4 403.7 |
4 533.8 |
4 709.7 |
|
State Sources |
2 191.0 |
2 290.9 |
2 244.6 |
2 334.0 |
2 441.7 |
2 465.1 |
|
|
6 029.3 |
6 701.9 |
6 595.9 |
6 737.7 |
6 975.5 |
7 174.8 |
|
|
|
|
|
|
|
|
|
Specific Purpose Accounts |
3 376.9 |
3 291.9 |
3 383.7 |
3 167.9 |
2 803.7 |
2 672.6 |
|
|
|
|
|
|
|
|
|
Statutory Authorities |
288.7 |
305.1 |
311.3 |
314.9 |
303.1 |
310.8 |
|
|
|
|
|
|
|
|
|
Total Receipts |
9 695.0 |
10 298.9 |
10 293.9 |
10 220.5 |
10 082.3 |
10 158.2 |
|
|
|
|
|
|
|
|
|
|
||||||
|
|
2022‑23 |
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
2026‑27 |
|
|
|
Estimated |
|
Forward |
Forward |
Forward |
|
|
Budget |
Outcome |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$m |
$m |
$m |
$m |
$m |
$m |
|
|
|
|
|
|
|
|
|
Annual Appropriation |
|
|
|
|
|
|
|
Operating Services Expenditure |
6 207.6 |
6 325.6 |
6 669.2 |
6 611.1 |
6 443.3 |
6 589.4 |
|
Capital Services Expenditure |
828.9 |
553.1 |
776.5 |
779.9 |
693.6 |
596.9 |
|
|
7 036.5 |
6 878.7 |
7 445.6 |
7 391.0 |
7 136.9 |
7 186.3 |
|
|
|
|
|
|
|
|
|
Reserved by Law |
465.0 |
607.3 |
439.4 |
434.2 |
444.9 |
460.1 |
|
|
|
|
|
|
|
|
|
Specific Purpose Accounts |
3 394.8 |
3 367.4 |
3 316.7 |
3 205.9 |
2 764.4 |
2 701.4 |
|
|
|
|
|
|
|
|
|
Statutory Authorities |
311.2 |
301.2 |
329.9 |
328.9 |
323.2 |
314.2 |
|
|
|
|
|
|
|
|
|
Other Provisions |
(1.5) |
(1.6) |
(2.2) |
(2.2) |
(2.3) |
(2.3) |
|
|
|
|
|
|
|
|
|
Total Expenditure |
11 205.9 |
11 153.0 |
11 529.5 |
11 357.7 |
10 667.0 |
10 659.8 |
|
|
|
|
|
|
|
|
Table 4.8 provides estimated receipts and expenditure and associated balances for each Specific Purpose Account for 2023‑24, by agency. This table meets the requirement of section 17(10) of the FMA.
Table 4.8 provides information on the gross cash receipts to, and payments from, Specific Purpose Accounts and it does not include the elimination of inter‑entity transactions which are reflected in General Government Statements. Revenue and expenditure amounts do not, therefore, equal amounts in General Government Statements.
No estimates for receipts or payments from Agency Trust Accounts are included in the Public Account Statements presented in this Budget Paper.
|
|
Estimated |
2023‑24 Budget |
Estimated |
|
|
|
Balance |
Estimates |
Balance1 |
|
|
|
30 June |
|
30 June |
|
|
|
2023 |
Receipts |
Expenditure |
2024 |
|
|
$m |
$m |
$m |
$m |
|
Brand Tasmania |
|
|
|
|
|
Agency Financial Management Account |
0.2 |
0.3 |
0.3 |
0.3 |
|
Education, Children and Young People |
|
|
|
|
|
Agency Financial Management Account |
47.6 |
79.3 |
81.1 |
45.8 |
|
Department of Education School Banking Account |
60.4 |
124.0 |
123.0 |
61.3 |
|
|
108.0 |
203.3 |
204.2 |
107.1 |
|
Environment Protection Authority |
|
|
|
|
|
Agency Financial Management Account |
15.8 |
2.2 |
2.8 |
15.2 |
|
Finance-General |
|
|
|
|
|
Agency Financial Management Account |
6.4 |
64.6 |
40.7 |
30.3 |
|
Australian Government Funding Management Account |
288.5 |
703.8 |
657.0 |
335.3 |
|
Government Car Fleet Account |
11.6 |
50.2 |
56.2 |
5.6 |
|
Rosetta Landslip Account |
0.7 |
0.1 |
.... |
0.8 |
|
Tasmanian Risk Management Fund |
458.8 |
169.0 |
134.7 |
493.1 |
|
Unclaimed Money Account |
59.2 |
3.6 |
0.4 |
62.4 |
|
|
825.2 |
991.3 |
889.0 |
927.5 |
|
|
Estimated |
2023‑24 Budget |
Estimated |
|
|
|
Balance |
Estimates |
Balance1 |
|
|
|
30 June |
|
30 June |
|
|
|
2023 |
Receipts |
Expenditure |
2024 |
|
|
$m |
$m |
$m |
$m |
|
Health |
|
|
|
|
|
Agency Financial Management Account |
169.8 |
1 000.7 |
1 027.8 |
142.7 |
|
Private Patient Account |
15.6 |
33.0 |
33.5 |
15.1 |
|
|
185.4 |
1 033.8 |
1 061.3 |
157.9 |
|
House of Assembly |
|
|
|
|
|
Agency Financial Management Account |
.... |
0.1 |
0.1 |
.... |
|
Integrity Commission |
|
|
|
|
|
Agency Financial Management Account |
0.1 |
.... |
.... |
0.1 |
|
Justice |
|
|
|
|
|
Agency Financial Management Account |
35.0 |
68.5 |
70.9 |
32.6 |
|
Asbestos Compensation Fund |
26.0 |
8.6 |
7.7 |
26.9 |
|
Local Government and Other Elections Account |
.... |
0.4 |
0.4 |
.... |
|
Workers Rehabilitation and Compensation Fund |
4.2 |
10.2 |
10.2 |
4.2 |
|
|
65.3 |
87.7 |
89.3 |
63.7 |
|
Legislative Council |
|
|
|
|
|
Agency Financial Management Account |
.... |
0.1 |
0.1 |
.... |
|
Legislature-General |
|
|
|
|
|
Agency Financial Management Account |
0.1 |
0.7 |
0.7 |
0.1 |
|
Ministerial and Parliamentary Support |
|
|
|
|
|
Agency Financial Management Account |
0.5 |
1.7 |
1.7 |
0.5 |
|
Natural Resources and Environment Tasmania |
|
|
|
|
|
Agency Financial Management Account |
39.2 |
86.2 |
89.0 |
36.4 |
|
Crown Lands Administration Fund |
53.5 |
7.0 |
6.3 |
54.2 |
|
Tasmanian Forests Agreement Account |
2.1 |
.... |
.... |
2.1 |
|
Waste and Resource Recovery Account |
.... |
8.0 |
8.0 |
.... |
|
|
94.8 |
101.2 |
103.3 |
92.7 |
|
Office of the Director of Public Prosecutions |
|
|
|
|
|
Agency Financial Management Account |
2.3 |
0.9 |
0.9 |
2.3 |
|
Office of the Governor |
|
|
|
|
|
Agency Financial Management Account |
0.1 |
0.3 |
0.2 |
0.2 |
|
Office of the Ombudsman |
|
|
|
|
|
Agency Financial Management Account |
0.3 |
0.6 |
0.6 |
0.3 |
|
|
Estimated |
2023‑24 Budget |
Estimated |
|
|
|
Balance |
Estimates |
Balance1 |
|
|
|
30 June |
|
30 June |
|
|
|
2023 |
Receipts |
Expenditure |
2024 |
|
|
$m |
$m |
$m |
$m |
|
Police, Fire and Emergency Management |
|
|
|
|
|
Agency Financial Management Account |
7.7 |
168.4 |
166.2 |
9.8 |
|
Premier and Cabinet |
|
|
|
|
|
Agency Financial Management Account |
22.7 |
63.3 |
65.6 |
20.4 |
|
State Growth |
|
|
|
|
|
Agency Financial Management Account |
58.4 |
703.6 |
706.5 |
55.5 |
|
Tasmanian Audit Office |
|
|
|
|
|
Agency Financial Management Account |
2.8 |
7.5 |
7.5 |
2.8 |
|
Tourism Tasmania |
|
|
|
|
|
Agency Financial Management Account |
.... |
0.7 |
0.7 |
.... |
|
Treasury and Finance |
|
|
|
|
|
Agency Financial Management Account |
9.6 |
16.2 |
15.9 |
9.9 |
|
|
|
|
|
|
|
Total Specific Purpose Accounts |
1 399.3 |
3 383.7 |
3 316.7 |
1 466.3 |
|
|
|
|
|
|
Note:
1. Minor differences between totals and sums of components reflect rounding.