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Legislative Assembly for the ACT: 2002 Week 11 Hansard (26 September) . . Page.. 3388 ..

Department of Education, Youth and Family Services

(Question No 289)

Mr Humphries asked the Minister for Education, Youth and Family Services, upon notice, on 25 September 2002:

In 2002-03 Budget Paper No 4, estimates are provided for the impact of indexation for 2002-03 and future years for Governments payments for outputs within the Department of Education, Youth and Family Services:

1. On what basis have the estimates for revised indexation parameters for this category of expenditure for the department been prepared.

2. What is the reason for the indexation parameter for this category of expenditure for the department increasing by around 260 percent to $13.7 million between 2004-05 and 2005-06.

Mr Corbell: The answer to Mr Humphries' question is:

1. Agency forward estimates appropriations generally include indexation at estimated CPI (2.5%) for non-salary operating costs and salary costs for Government schooling and preschools to maintain the funding in real terms. The indexation built into the budget for salaries for other outputs is 1.3%.

2. The large increase in the final and new outyear in the 2002-2003 Budget (2005-06) represents a full indexation adjustment of 2.5% from 2004-05. Previous outyears already contain an indexation estimate.

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Central Financing Unit

(Question No 292)

Mr Humphries asked the Treasurer, upon notice, on 25 September 2002:

In 2002-03 Budget Paper No. 4, it is estimated that borrowing costs incurred by the Central Financing Unit during 2001-02 increased from a budgeted $51.021 million to an estimated outcome of $61.814 million:

(1) What is the reason for the increase of around 21 per cent in borrowing costs during the last financial year.

(2) What is the reason for borrowing costs being estimated to fall by nearly 3 per cent during 2002-03.

Mr Quinlan: The answer to the member's question is as follows:

(1) What is the reason for the increase of around 21 per cent in borrowing costs during the last financial year.

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