Budget Paper No. 2

2003- 04 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
1.4 General Government Sector Statement of Financial Position
1.5 General Government Sector Statement of Cash Flows
1.6 General Government Sector Operating Statement 2001-02 Result
1.7 Statement of Government Finance Statistics and Accounting Principles and Policies

Chapter 2: Service Delivery     

2.1 Introduction
2.2 Strategic Objectives
2.3 2001-02 Expenses and Asset Acquisitions
2.4 2002-03 Expenses and Asset Acquisitions
2.5 Expenses and Asset Acquisitions by Policy Area

Chapter 3: General Government Sector Revenues     

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

Chapter 4: Net Financial Liabilities     

4.1 Introduction
4.2 General Government Liability Management Fund
4.3 State Sector Net Financial Liabilities
4.4 General Government Sector Insurance Liabilities
4.5 Public Liability and Other Insurance Issues
4.6 General Government Sector Net Debt
4.7 General Government Sector Unfunded Superannuation Liabilities
4.8 Financial Risk Management

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
5.4 Other Factors Affecting Budget Outcomes

Chapter 6: Tax Expenditure and Concessions Statement     

6.1 Introduction
6.2 Tax Expenditures
6.3 Concessions

Chapter 7: Financial Arrangements with the Commonwealth     

7.1 Introduction
7.2 Commonwealth - State Financial Arrangements
7.3 2002 Treasurers' Conference Outcome
7.4 New South Wales' Share of Commonwealth Funding
7.5 The Need for Reform

Chapter 8: Government Finance Statistics and Uniform Reporting Framework     

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

Appendices

A. General Government Sector Accounting Financial Statements     

B. Tax Expenditure and Concessions Statement    

C. Classification of Agencies     

D. 2001-02 Budget - Summary of Variations     

E. Reconciliation of Budget and Previous Forward Estimate of Expenses for 2002-03     

F. Glossary     

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

Index     

For further information about the New South Wales Budget Papers, contact the New South Wales Treasury, Governor Macquarie Tower, 1 Farrer Place, Sydney 2000 or email to contact@treasury.nsw.gov.au, NSW Treasury.