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2003-04 Budget

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2003-04 BUDGET PAPER No. 3
FEDERAL FINANCIAL RELATIONS
2003-04


CIRCULATED BY
THE HONOURABLE PETER COSTELLO, M.P.,
TREASURER OF THE COMMONWEALTH OF AUSTRALIA, AND
SENATOR THE HONOURABLE NICK MINCHIN,
MINISTER FOR FINANCE AND ADMINISTRATION,
FOR THE INFORMATION OF HONOURABLE MEMBERS
ON THE OCCASION OF THE BUDGET 2003-04
13 MAY 2003


 

© Commonwealth of Australia 2003

ISBN 1 74118 887 3

This work is copyright. Apart from any use as permitted under the Copyright Act 1968, no part may be reproduced by any process without prior written permission from the Commonwealth available from the Department of Communications, Information Technology and the Arts. Requests and inquiries concerning reproduction and rights should be addressed to:

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The Commonwealth budget papers and budget related information are available on the central Budget website at: www.budget.gov.au

Printed by Canprint Communications Pty Ltd


Foreword

Budget Paper No. 3 is one of a series of Budget Papers that provides information to supplement the Budget Speech. A full list of the series is printed on the inside cover of this paper.

This Budget Paper presents information on the Commonwealth Government's financial relations with state, territory and local governments. This includes information on revenue provision and payments, as well as an overview of fiscal developments in the States and Territories.

Notes

This paper uses the following style conventions.

The Australian Capital Territory and the Northern Territory are referred to as `the Territories'. References to the `States' or `each State' include the Territories.

The state and local government sector is denoted as the `state/local sector'. References to the `state/local sector' include the territory governments unless otherwise stated.

Budget year refers to 2003-04, while the forward years refer to 2004-05, 2005-06 and 2006-07.

Figures in tables, and generally in the text, have been rounded. Discrepancies in tables between totals and sums of components reflect rounding. Percentage changes in tables are based on the underlying unrounded amounts.

One billion is equal to one thousand million.

Estimates $100,000 and over are generally rounded to the nearest tenth of a million.

Estimates midway between rounding points are rounded up.

Tables use the following notations:

na not applicable

0 zero

- nil

$m millions of dollars

The following abbreviations are used for the names of the States, where appropriate:

NSW

New South Wales

VIC

Victoria

QLD

Queensland

WA

Western Australia

SA

South Australia

TAS

Tasmania

ACT

Australian Capital Territory

NT

Northern Territory


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