Budget Paper No. 2

2004- 05 Budget Statement

Contents   

Executive Summary: Budget Overview   

Chapter 1:Fiscal Strategy, Position and Outlook   

1.1 Fiscal Strategy Statement
1.2 General Government Sector Operating Statement
1.3 General Government Sector Statement of Financial Position
1.4 General Government Sector Statement of Cash Flows
1.5 General Government Sector Operating Statement - 2003-04 Result

Chapter 2: Service Delivery    

2.1 Introduction
2.2 Overview: Expenses and Asset Acquisitions
2.3 Strategic Objectives and Major Budget Initiatives

Chapter 3: General Government Sector Revenues   

3.1 Introduction
3.2 Revenue Policy Measures
3.3 Estimates of State Revenue
3.4 Estimates of Operating Revenues  

Chapter 4: Net Worth, Asset and Liabilities   

4.1 Introduction
4.2 Net Financial Liabilities
4.3 General Government Sector Net Debt
4.4 General Government Sector Unfunded Superannuation
4.5 General Government Sector Insurance
4.6 Financial Risk Management
4.7 Financial Asset Management
4.8 Other Liabilities

Chapter 5: The Economy and Other Factors Affecting Budget Outcomes   

5.1 Introduction
5.2 The Economic Situation and Outlook
5.3 Sensitivity of Budget Outcomes to the Economy 

Chapter 6: Tax Expenditure and Concessions Statement   

6.1 Introduction
6.2 Concepts and Methods
6.3 Tax Expenditures
6.4 Concessions 

Chapter 7: Financial Arrangements with the Commonwealth   

7.1 Introduction
7.2 Commonwealth - State Financial Arrangements
7.3 Commonwealth Grants Commission's 2004 Review
7.4 Issues in Intergovernmental Finances
7.5 The Need for Reform

Chapter 8: Government Finance Statistics and Uniform Reporting Framework   

8.1 Introduction
8.2 Accrual GFS Reporting
8.3 Classification Framework
8.4 Operations of the Public Trading Enterprise Sector
8.5 Accrual Uniform Presentation Framework Tables
8.6 Loan Council Reporting Requirements
8.7 Private Sector Infrastructure Projects 

Appendices 

A. General Government Sector Accounting Financial Statements   

B. Tax Expenditure and Concessions Statement     

C. Classification of Agencies     

D. 2003-04 Budget - Summary of Variations     

E. Statement of Government Finance Statistics and Accounting Principles and Policies      

F. Revenue Measures, 1999 to 2003 (a)     

G.Glossary    

Index