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Part C
Agency Budget Statements
Section 1: Overview, Appropriations and Budget Measures Summary
Overview
The Department of the Treasury seeks to promote a sound macroeconomic environment; effective government spending and taxation arrangements; and well functioning markets, by providing sound and timely advice to the Government and assisting Treasury Ministers in the administration of their responsibilities and in the implementation of Government decisions.
Appropriations
The total appropriations for the Department of the Treasury in the 2000-01 Budget are $27,984.3 million. Table 1.1 on the following page shows the total by administered appropriations, price of output appropriations and administered capital.
Department of the Treasury - Appropriations and Other Income 2000-01
Table 1.1: Appropriations ($'000)
(a) Revenue from other sources includes other revenue from government (for example, resources free of charge) and revenue from sources other than government (for example, sales of goods and services).
(b) Under the appropriation structure, Bill No. 2 includes Specific Purpose Payments (SPPs), New Agency Outcomes (NAOs) and administered capital.
(c) Estimated appropriations from individual Special Appropriations are shown in Tables 2.1 and 2.3.
Budget Measures Summary - Department of the Treasury
Table 1.2: Summary of Measures Disclosed in the 2000-01 Budget
Note: The first three Budget Measures involve the purchase of financial assets and no expense is incurred. Funding for these measures is included in Treasury's Administered Capital Budget. See details on the following page.
Administered Capital and Departmental Capital (Equity Injections and Loans)
The Department of the Treasury will receive administered capital appropriations of $1,732.4 million in 2000-01. Of this amount $1,729.9 million is funded through special appropriations and $2.5 million through Appropriation Bill No. 2. These capital appropriations relate to financial assets.
The special appropriation amount includes funding for three Budget Measures; Australia's policy towards Papua New Guinea, capital payment to the European Bank for Reconstruction and Development and capital payment to the Multilateral Investment Guarantee Agency. Other capital payments under special appropriations comprise a capital payment to the Asian Development Bank and a loan to the States and Territories under A New Tax System (Commonwealth-State Financial Arrangements) Act 1999.
The Appropriation Bill No. 2 item relates to Australia's contribution to the International Monetary Fund's Poverty Reduction and Growth Facility (previously the Enhanced Structural Adjustment Facility). See Table 3.9.
The Department of the Treasury will receive no departmental capital (equity injections or loans) in 2000-01. See Table 3.4.
