PORTFOLIO ADDITIONAL ESTIMATES STATEMENTS

2006-07

TREASURY PORTFOLIO

ISBN 0 642 74382 7

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TREASURER

PARLIAMENT HOUSE
CANBERRA ACT 2600

President of the Senate
Australian Senate
Parliament House
CANBERRA ACT 2600

Speaker
House of Representatives
Parliament House
CANBERRA ACT 2600

Dear Mr President
Dear Mr Speaker

I hereby submit Portfolio Additional Estimates Statements in support of the 2006-07 Additional Estimates for the Treasury Portfolio.

These statements have been developed, and are submitted to the Parliament, as a statement on the funding requirements being sought for the Portfolio.

I present these statements by virtue of my ministerial responsibility for accountability to the Parliament and, through it, the public.

Yours sincerely

Peter Costello

User Guide

Introduction

The purpose of the Portfolio Additional Estimates Statements (PAES), like that of the Portfolio Budget Statements, is to inform Senators and Members of Parliament of the proposed allocation of resources to Government outcomes by agencies within the portfolio. However, unlike the Portfolio Budget Statements, the PAES summarise only the changes in resourcing by outcome since the Budget, that is, they do not include a complete resourcing table for the agency. The PAES include new measures, summarise the changes by Appropriation Bill and, where relevant, by Special Appropriation and Special Account.

The PAES facilitate understanding of the proposed appropriations in Appropriation Bills (Nos. 3 and 4) 2006-07. In this sense the PAES is declared by the Additional Estimates Appropriation Bills to be a ‘relevant document’ to the interpretation of the Bills according to section 15AB of the Acts Interpretation Act 1901.

Whereas the Mid-Year Economic and Fiscal Outlook 2006-07 is a mid-year budget report which provides updated information to allow the assessment of the Government’s fiscal performance against its fiscal strategy, the PAES update the most recent budget appropriations for agencies within the portfolio.

Structure of the Portfolio Additional Estimates Statements

The PAES are presented in three parts with subsections.

User guide
Provides an introduction explaining the purpose of the PAES as well as information in relation to the styles and conventions used.
Portfolio overview
Provides an overview of the portfolio, including a chart that outlines the outcomes for agencies in the portfolio.
Agency additional estimates statements
A statement (under the name of the agency) for each agency affected by Additional Estimates.
Section 1: Agency overview and resources, variations and measures	This section details the link between the resources appropriated, savings, the impact of any post-Budget measures, and their application to the outputs and administered items (usually programmes) that contribute to the achievement of outcomes. This section also reports changes to resources from other sources; changes to estimates of expenses from Special Appropriations; and changes to estimated Special Account flows.
Section 2: Revisions to agency outcomes	This section details changes to planned Government outcomes, or to the contributing administered items and agency outputs.
Section 3: Budgeted financial statements	This section contains revisions to the budgeted financial statements in accrual format covering the Budget year, the previous year and the three forward years for each agency.
Glossary	Explains key terms.

Styles and conventions used

(a) The following notations may be used:

- nil
.. not zero, but rounded to zero
$m $ million

(b) Figures in tables and in the text may be rounded. Discrepancies in tables between totals and sums of components are due to rounding.

Enquiries

Should you have any enquiries regarding this publication please contact Sallyann Mugford in the Treasury on (02) 6263 2111.

A copy of this document can be located on the Australian Government Budget website at: http://www.budget.gov.au.