Page 5132 - Week 14 - Tuesday, 28 November 2017
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With respect to ongoing work under the urban renewal program, as at 30 September 2017 the public housing renewal task force has transferred 585 completed properties to Housing ACT. It has 149 dwellings in the design pipeline, 232 dwellings subject to development applications or tender processes, 12 dwellings under construction and offers have been accepted for the purchase of 287 dwellings. The ongoing construction of the University of Canberra public hospital has now reached 83 per cent completion. These, amongst other highlights of the capital program for the territory, are contained within the report that I commend to the Assembly.
Financial Management Act—consolidated financial report
Paper and statement by minister
MR BARR (Kurrajong—Chief Minister, Treasurer, Minister for Economic Development and Minister for Tourism and Major Events) (3.33): For the information of members, I present the following paper:
Financial Management Act, pursuant to section 26—Consolidated Financial Report—Financial quarter ending 30 September 2017.
I ask leave to make a statement in relation to the paper.
Leave granted.
MR BARR: I present to the Assembly the September quarter 2017 consolidated financial report for the territory. As members would be aware, this report is required under section 26 of the Financial Management Act 1996. I am pleased to advise the Assembly that the September quarter headline net operating balance for the general government sector was a surplus of $369.7 million. This result was $39.7 million higher than the year-to-date anticipated budget surplus of $330 million.
This improvement mainly reflects lower expenses, largely attributed to the timing of payments associated with the law courts public-private partnership initiative. Net debt of the general government sector as at 30 September 2017 was $1,426.1 million, in line with the 30 June result of $1,452.8 million. Net financial liabilities decreased, compared to 30 June 2017, by $2,819 million, largely reflecting a change in the defined benefit superannuation liability estimate for 30 September 2017, based on a discount rate of six per cent, compared to 3.51 per cent at 30 June 2017. The territory’s fiscal position continues to improve, and I commend the September quarterly report to the Assembly.
Papers
Ms Berry presented the following paper:
Schools for All Report—ACT Government’s investment in providing suitable withdrawal spaces and appropriate calming and sensory spaces in ACT public schools, dated November 2017, pursuant to the resolution of the Assembly of 13 September 2017.
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