Budget Paper No. 2

2005- 06 Budget Statement

Contents   

Executive Summary: Budget Overview   

Chapter 1: Fiscal Strategy, Position and Outlook   

1.1 Scope of the Budget Papers and Key Budget Aggregates
1.2 Fiscal Strategy Statement
1.3 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 - 2004-05 Result

Chapter 2: General Government Service Delivery   

2.1 Introduction
2.2 Overview: Expenses and Capital Expenditure
2.3 Strategic Objectives and Major Service Improvements

Chapter 3: General Government Sector Revenues   

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

Chapter 4: Asset and Liabilities   

4.1 Introduction
4.2 Physical Assets and Net Worth
4.3 Net Financial Liabilities
4.4 State Sector Net Debt
4.5 General Government Sector Net Debt
4.6 Unfunded Superannuation
4.7 Insurance
4.8 Other Net Financial Liabilities
4.9 Financial Asset Management
4.10 Financial Risk Management

Chapter 5: Public Trading Enterprise Sector   

5.1 Introduction
5.2 Performance of the Public Trading Enterprise Sector

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 Concessions 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 Commonwealth - State Financial Arrangements
8.3 IGA Review of Certain State Taxes
8.4 Commonwealth Grants Commission’s 2005 Update
8.5 Issues in Intergovernmental Finances
8.6 The Need for Reform

Chapter 9: Government Finance Statistics and Uniform Reporting Framework   

9.1 Introduction
9.2 Accrual GFS Reporting
9.3 Classification Framework
9.4 Accrual Uniform Presentation Framework Tables
9.5 Loan Council Reporting Requirements
9.6 Private Sector Infrastructure Projects

Appendices

A. General Government Sector Accounting Financial Statements   

B. Tax Expenditure and Concessions Statement   

C. Classification of Agencies   

D. 2004-05 Budget - Summary of Variations 

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

F. Financial Impact of International Accounting Standards  

G.Glossary  

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.