Budget Paper No.2 Fiscal and Economic Outlook 2008-2009
Tabled paper 1293
Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT
Tabled By Delia Lawrie
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2008-09 Budget 18 Fiscal Position and Outlook Operating Expenses and Payments Table 2.6 shows general government sector operating expenses and payments for 2008-09 and forward years. 2008-09 2009-10 2010-11 2011-12 Budget Forward Estimates $M $M $M $M Expenses Employee expenses 1 345 1 390 1 438 1 487 Superannuation expenses 252 254 257 259 Depreciation and amortisation 183 187 189 192 Other operating expenses 948 1 025 1 109 1 181 Interest expenses 138 141 143 146 Current grants 570 561 553 565 Capital grants 163 138 132 136 Subsidies and personal benefit payments 68 72 73 75 Total Expenses 3 667 3 767 3 893 4 040 Year on year percentage increase (%) 2 3 3 4 Payments Payments for employees 1 511 1 567 1 625 1 688 Payments for goods and services 948 1 024 1 106 1 178 Grants and subsidies paid 802 771 757 776 Interest paid 138 141 143 146 Purchases of non financial assets 447 469 453 418 Total Payments 3 846 3 972 4 084 4 206 Year on year percentage increase (%) 5 3 3 3 Source: Northern Territory Treasury Operating expenses and total payments are expected to grow at an average of 3.25 per cent over the forward estimates period, slightly lower than revenue growth, resulting in continuing surpluses in both the Operating and Cash Flow Statements over the forward estimates period. A small part of the growth over the forward estimates is attributed to the inclusion of a minimal contingency allowance in all forward estimate years. The inclusion of a contingency allowance is consistent with practices in other states and territories and represents an allowance, included in aggregate expenses, for: unexpected events that may occur in future years; costs of new policy decisions rising on implementation; commercial-in-confidence items that cannot be separately disclosed; decisions made too late for inclusion against individual agency estimates; and the provision for events and pressures that can be reasonably expected to affect budget estimates without having to re-set fiscal targets. Over the forward estimates period, employee expenses are estimated to increase, on average, by 3.4 per cent per annum. This reflects superannuation expenses, benefit payments and wages growth in agencies offset by the efficiency dividend. Table 2.6: Operating Expenses and Payments General Government
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