Budget 2011-12 Budget Paper No.3 The Budget
Tabled paper 1279
Tabled papers for 11th Assembly 2008 - 2012; Tabled papers; ParliamentNT
Tabled By Delia Lawrie
Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.
66 Central Holding Authority Performance The CHA is expected to achieve a significant operating surplus in both 201011 and 201112. The operating surplus occurs because a significant proportion of the NP revenue recorded in both years is for capital purposes and associated expenditure is recorded in the Cash Flow Statement rather than the Operating Statement. The higher surplus in 201011 is a result of higher operating revenue compared to 201112 combined with lower operating expenditure. Significant variations between years are: a greater proportion of NP revenue being used for capital spending in 201011, predominantly related to Remote Indigenous Housing and the Nation Building and JobsPlan stimulus package; higher returns on investments predicted in 201011 than estimated for 201112. This represents greater unrealised market gains for the Conditions of Service Reserve in 201011 than the longer term trend anticipated in 201112; higher interest revenue due to higher cash balances predicted in 201011 as a result of the improved 200910 general government cash outcome; lower superannuation expenses in 201011 compared to 201112 predominantly related to a revaluation gain of $150 million in 201011; higher appropriation provided in 201112 to agencies for increased service delivery across government; offset by an increase between the years in GST revenue, albeit from a reduced base in 201011. GST levels still remain well below those predicted preGFC for both years.
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