Agency Additional Estimates Statements

 

The Treasury

Section 1: Department overview and resources; variations and measures

Overview

There has been no change to the overview included in the 2005-06 Portfolio Budget Statements (page 13).

Table 1.1: Agency outcomes and output groups

Additional estimates and variations to outcomes

Treasury is seeking an additional $0.07 million in departmental outputs through Appropriation Bill (No. 3) 2005-06 for the Australia-China Free Trade Agreement — funding for negotiations less adjustment to appropriations for changes in price and wage indices. In addition, Treasury had other variations to appropriations in departmental funding for transfer of remaining funding to the Australian Competition and Consumer Commission (ACCC) for the Consumer Information Programmes ($0.2 million).

Treasury had other variations to appropriations in departmental capital funding of $4.2 million for transfer of equity injections to the Royal Australian Mint (the Mint) as it became a prescribed agency effective from 1 July 2005.

Treasury is seeking an additional $348.6 million in administered outputs through Appropriation Bill (No. 4) 2005-06 for commitments to the European Bank for Reconstruction and Development ($2.2 million), and Compensation for GST Revenue Foregone ($346.4 million). The amount relating to Compensation for GST Revenue Foregone was previously classified as a Special Appropriation in the 2005-06 Portfolio Budget Statements.

Treasury is also seeking $16.5 million in administered outputs through Special Appropriations (A New Tax System (Commonwealth-State Financial Arrangements) Act 1999) for Budget Balancing Assistance measure variations.

Treasury has identified administered savings of $1.2 million in relation to revised parameters.

Variations — measures

Table 1.2: Additional estimates and variations to outcomes — measures

Other variations to appropriations

Table 1.3: Additional estimates and variations to outcomes — other variations

1 This variation applies to Treasury’s three outcomes.

2 The Mint became a prescribed agency effective from 1 July 2005.

Measures — agency summary

Table 1.4: Summary of measures since the 2005-06 Budget

Breakdown of additional estimates by appropriation bill

Table 1.5: Appropriation Bill (No. 3) 2005-06

1 Original budget as shown in the 2005-06 Portfolio Budget Statements.

2 Original budget as shown in the 2005-06 Portfolio Budget Statements less section 32 transfers ($0.2 million to the ACCC).

Table 1.6: Appropriation Bill (No. 4) 2005-06

1 Original budget as shown in the 2005-06 Portfolio Budget Statements.

2 Original budget as shown in the 2005-06 Portfolio Budget Statements less section 32 transfers ($4.2 million to the Mint).

3 Schedule 2 of Appropriation Bill (No. 4) shows an additional net appropriation amount of $346.2 million for Outcome 2. This amount reflects the additional appropriation for Compensation for GST Revenue Foregone programme ($346.4 million) less the estimated savings for additional $7,000 First Home Owners Scheme ($0.2 million).

Summary of staffing changes

Table 1.7: Average Staffing Level (ASL)

1 Variation relates to staff of the Mint which became a prescribed agency effective from 1 July 2005.

Summary of agency savings

The Treasury has identified total administered savings of $1.2 million represented by funding that is no longer required for Compensation — Companies Regulation expenses ($1.0 million) as a result of revised parameters and additional $7,000 First Home Owners Scheme expenses ($0.2 million) as a result of revised additional data received from the States and Territories.

Table 1.8: Summary of agency savings

Other receipts available to be used

Table 1.9 provides details of other receipts available to be used and include Financial Management and Accountability Act 1997 (FMA)  section 31 receipts, special accounts (non-appropriation receipts) and resources received free of charge. There were no administered receipts available to be used.

Table 1.9: Other receipts available to be used

1 The revised estimates 2005-06 differs significantly as the Mint became a prescribed agency effective from 1 July 2005.

Estimates of expenses from special appropriations

Table 1.10: Estimates of expenses from special appropriations

(A) = Administered.

Estimates of special account flows

Table 1.11: Estimates of special account flows

The special accounts are departmental in nature and governed by the Financial Management and Accountability Act 1997 (FMA Act 1997).

(D) = Departmental.

1 The revised Opening Balance for 2005-06 is the same as the final closing balance for 2004-05. This balance may have changed from the 2005-06 Portfolio Budget Statements to reflect the 2004-05 actuals.

2 The Mint became a prescribed agency effective from 1 July 2005 and is no longer a special account of Treasury. The balances in this note differ from those presented in the Mint’s Table 1.11 due to the inclusion of GST.

---