Budget Paper No. 2

2007- 08 Budget Statement

Contents   

Executive Summary: Budget Overview   

Chapter 1: Fiscal Strategy, Position and Outlook   

1.1 Fiscal Strategy
1.2 Recent Fiscal Developments
1.3 Trends in Expenses and Revenue
1.4 Capital Expenditure
1.5 Net Debt and Net Financial Liabilities
1.6 Fiscal Outlook: Risks and Uncertainties
1.7 Fiscal Targets and Principles: Progress
1.8 Impact of 2007-08 Budget on the Long-Term Fiscal Gap
1.9 Key Budget Aggregates and Scope of the Budget Papers
1.10 General Government Sector Operating Statement
1.11 General Government Sector Balance Sheet
1.12 General Government Sector Cash Flow Statement
1.13 General Government Sector Operating Statement - 2006-07 Result

Chapter 2: General Government Expenditure   

2.1 Introduction
2.2 General Government Expenses
2.3 Major Priority Areas

Chapter 3: General Government Sector Revenues   

3.1 Introduction
3.2 Revenue Trends and Composition
3.3 Taxation Policy Measures
3.4 Estimates of State Revenue
3.5 Estimates of Operating Revenues

Chapter 4: Assets, Liabilities and Net Worth   

4.1 Introduction
4.2 General Government Sector Net Debt
4.3 Public Trading Enterprise Net Debt
4.4 State Sector Net Debt
4.5 Net Financial Liabilities
4.6 Unfunded Superannuation
4.7 Insurance
4.8 Other Net Financial Liabilities
4.9 Net Worth
4.10 Financial Asset Management
4.11 Financial Risk Management

Chapter 5: Public Trading Enterprise Sector   

5.1 Introduction
5.2 Overall Performance of the Sector
5.3 Major Functional Areas

Chapter 6: The Economy and Risks to Budget Outcomes   

6.1 Introduction
6.2 The Economic Situation and Outlook
6.3 Risks to Budget Outcomes

Chapter 7: Tax Expenditure and Concessional Charges Statement   

7.1 Introduction
7.2 Concepts and Methods
7.3 Tax Expenditures
7.4 Concessions

Chapter 8: Financial Arrangements with the Commonwealth   

8.1 Introduction
8.2 The Need for Reform - The Warren Report
8.3 Commonwealth Grants
8.4 New National Reform Agenda
8.5 NSW Obligations Under the Intergovernmental Agreement
8.6 Commonwealth Grants Commission’s 2007 Update 8.7 Commonwealth Grants Commission’s 2010 Review

Chapter 9: Government Finance Statistics and Uniform Reporting Framework   

9.1 Introduction 1
9.2 Accrual GFS Reporting
9.3 Classification Framework
9.4 Accrual Uniform Presentation Framework Tables
9.5 Loan Council Reporting Requirements
9.6 Privately Financed Projects

Appendices

A. Progress against Fiscal Responsibility Act 2005 Targets and Principles   

B. General Government Sector Financial Statements (Government Finance Statistics)   

C. Total State Sector and Classification of Agencies   

D. 2006-07 Budget - Summary of Variations   

E. Tax Expenditure and Concessional Charges Statement   

F. General Government Sector Financial Statements (Accounting)   

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

H. Glossary   

Index