Page 1308 - Week 04 - Thursday, 4 May 2006
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Mr Stanhope: The answer to the member’s question is as follows:
Residential property |
Commercial property |
Total | |
$'000 |
$'000 |
$'000 | |
2001-02 |
102,021 |
20,660 |
122,682 |
2002-03 |
127,706 |
23,380 |
151,086 |
2003-04 |
135,858 |
46,748 |
182,606 |
2004-05 |
112,583 |
27,348 |
139,931 |
the estimate for 2005-06 |
112,334 |
49,108 |
161,442 |
Notes to clarify the above data:
• The data excludes various accrual adjustments (eg. provision for refunds, provision for doubtful debts), hence they are different from the annual reports;
• 2001-02, 2002-03 and 2003-04 figures are based on tax collected data;
• 2004-05 figures are based on tax levied data;
• there was a change of IT system in 2004-05; and
• the estimate for 2005-06 figures are based on the mid-year review forecast.
Finance—audited outcomes
(Question No 1007)
Mr Mulcahy asked the Treasurer (redirected to the Acting Treasurer), upon notice, on 28 March 2006:
What were the audited outcomes, under the Uniform Presentation Framework, for the General Government Sector using a Government Finance Statistics basis for (a) 2001-02, (b) 2002-03 and (c) 2003-04.
Mr Stanhope: The answer to the member’s question is as follows:
There are a number of key results under GFS reporting. These are presented in the following table.
2001-02 |
2002-03 |
2003-04 | |
$'m |
$'m |
$'m | |
GFS Net Operating Balance |
8 |
12 |
-203 |
GFS Net Lending (+) / Borrowing (-) |
79 |
154 |
-25 |
GFS Cash Surplus (+) /Deficit (-) |
263 |
257 |
300 |
30-Jun-02 |
30-Jun-03 |
30-Jun-04 | |
$'m |
$'m |
$'m | |
GFS Net Worth |
7,825 |
8,629 |
9,380 |
GFS Net debt |
-1,358 |
-1,575 |
-1,869 |
GFS Net financial worth |
2,319 |
2,941 |
3,372 |
Source: ABS Cat: 5512.0 Government Finance Statistics, Australia
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