Page 2951 - Week 10 - Thursday, 15 August 1991

MINISTER FOR THE ENVIRONMENT, LAND AND PLANNING

LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO 447

Residential Land Servicing

Mr Kaine - asked the M-nister for the Environment, Land and Planning

(1) How much does the government intend to raise by borrowing to

finance its resumption of residential land servicing in the ACT.

(2) What effect will this loan raising have upon the 1992/93

Budget.

Mr Wood - the answer to the members question is as follows:

(1) A review is now being undertaken to consider the practical

aspects of implementation of ALP policy on public sector

development. Financial and economic factors will be fully

investigated during the review and will provide details of short

and longer term expenditure and revenues expected from public

sector development.

The review will take account of the amount of funds which may be

raised by borrowing for the servicing of residential land and the

effect that such loan raising will have upon the 1992-93 and

subsequent budgets.

(2) The completed review will enable the government to judge the

effects on future budgets of possible public sector land.

servicing and to assess the overall benefits to the community..

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