Part C
Agency Budget Statements

 

Department of the Treasury

Section 1: Overview, appropriations and budget measures summary

Department 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 Australian Government and assisting Treasury Ministers in the administration of their responsibilities and in the implementation of Government decisions.

Appropriations and resourcing

The total appropriations for the Department of the Treasury in the 2004-05 Budget are $36,093.4 million. Table 1.1 on the following page shows the total by price of outputs appropriation, departmental capital, administered appropriations and administered capital.

Table 1.2 details funding provided for new budget measures in 2004-05.

Department of the Treasury — appropriations 2004-05

Table 1.1: Appropriations and other revenue

1. C1, E1 and I1 refer to information provided in Table 2.1.1, Table 2.1.2 and Table 2.1.3 respectively. K1 and K2 refer to information provided in Table 3.1 and Table 3.6 respectively. K3 and K4 refer to information provided in Table 3.4 and Table 3.9 respectively.
2. Under the appropriation structure, Bill No. 2 includes specific purpose payments (SPPs) and administered capital.
3. Refer to Budgeted Departmental Statement of Financial Performance in Table 3.1 for application of price of outputs.
4. Revenue from other sources includes revenue from sources other than government (for example, goods and services). Departmental and administered revenues are detailed in Table 1.3.
5. Estimated expenses from special appropriations are shown in Table 1.5.

Note: Percentage figures indicate the percentage contribution of revenues from government (departmental appropriations) to the total price of outputs.

Measures — Department of the Treasury summary

Table 1.2: Summary of measures disclosed in the 2004-05 Budget

Table 1.2: Summary of measures disclosed in the 2004-05 Budget (continued)

Departmental and administered revenue

Table 1.3: Departmental and administered revenue

This table shows departmental and administered revenues for the Department of the Treasury. Appropriation revenues have been included so that the total revenues link back to the budgeted financial statements.

The total estimated departmental revenues for 2004-05 of $159.1 million corresponds to total revenues in the Budgeted Departmental Statement of Financial Performance, Table 3.1.

The total estimated administered revenues for 2004-05 of $2,079.7 million corresponds to total revenues in the Budgeted Administered Statement of Financial Performance, Table 3.6.

The Department of the Treasury has no receipts that relate to cost recovery arrangements associated with the Productivity Commission Report No. 15 Cost Recovery by Government Agencies.

Special appropriations

Table 1.5: Estimates of expenses from special appropriations

This table identifies expenses associated with special appropriations administered by the Department of the Treasury.

Special accounts

Table 1.6: Estimates of special account flows and balances

1. The opening balance for 2004-05 (reference A) is the same as the closing balance for 2003-04 (reference B).
2. These special accounts are departmental in nature and are governed by Section 20 of the Financial Management and Accountability Act 1997.

Note: Inactive special accounts are not disclosed.

This table identifies estimates of special account flows and balances. All special accounts appear under Outcome 3 in Table 2.1.3.

Administered capital and departmental equity injections and loans

The Department of the Treasury will receive administered capital appropriations of $139.1 million in 2004-05. Of this amount, $131.9 million is funded through special appropriations and $7.2 million through Appropriation Bill No. 2. These capital appropriations relate to financial assets, Table 3.9.

The special appropriation item relates to capital payments for the Asian Development Bank and the HIH Assistance Scheme. The Appropriation Bill No. 2 item relates to capital payments to the European Bank for Reconstruction and Development and Australia’s contribution to the International Monetary Fund’s Poverty Reduction and Growth Facility.

The Department of the Treasury will receive departmental capital appropriations of $7.4 million. This relates to capital requirements for the Royal Australian Mint of $2.2 million and appropriation for previous year’s outputs of $5.2 million.

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