Budget Paper No. 2:

2006- 07 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 Balance Sheet
1.5 1.5 General Government Sector Cash Flow Statement
1.6 General Government Sector Operating Statement - 2005-06 Result

Chapter 2: General Government Expenditure  

2.1 Introduction
2.2 General Government Expenses
2.3 Major Policy Areas
2.4 Strengthening the Budget System

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: Assets, Liabilities and Net Worth  

4.1 Introduction
4.2 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 Overall Performance of the Sector
5.3 Major Functional Areas within the PTE 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 The Need for Reform - The Warren Report
8.3 Commonwealth Grants
8.4 IGA Review of Certain State Taxes
8.5 Commonwealth Grants Commission's 2006 Update
8.6 Commonwealth Grants Commission's 2010 Review

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. Total State Sector and Classification of Agencies  

D. 2005-06 Budget - Summary of Variations  

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

F.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.