Budget 2016-2017 Budget Paper No.3 Agency Budget Statements
Tabled paper 1766
Tabled papers for 12th Assembly 2012 - 2016; Tabled papers; ParliamentNT
Tabled by David Tollner
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.
Department of the Treasury and Finance
326 Glossary Output Group An output group is an aggregate of similar or related agency outputs and is applied primarily for reporting purposes. Parameters Parameters are also referred to as inflators and deflators. They are used to develop forward estimate projections. Parameters used to adjust estimates are the consumer price index, wage increases and efficiency dividend. Purpose The Appropriation Act provides the Central Holding Authority with the authority to pay appropriations for Purposes. Purposes are appropriations for output, capital, Commonwealth appropriation, employee entitlements, interest, taxes, other administrative payments and Treasurers Advance. Repairs and Maintenance Repairs and maintenance works are undertaken to maintain existing assets in working condition. Repairs and maintenance keep an asset functioning at its current capacity and do not enhance the asset significantly or extend its useful life. This is in contrast to capital works on existing assets, which will substantially change or improve the asset through expansion or upgrade. Repairs and maintenance are recorded as operational expenses by agencies. Repairs and maintenance grants may also be provided to non-government entities to enable them to maintain their assets. Specific Purpose Payments SPPs are grants tied to a government service delivery sector from the Commonwealth to support states and territories efforts in delivering services. The Commonwealth currently makes payment under four national SPPs: Schools, Skills and Workforce Development, Disability and Affordable Housing. Tax Equivalents The mechanism to ensure that GBDs and government owned corporations incur tax liabilities similar to privately owned organisations to ensure that greater parity exists between the cost structures of government-controlled trading entities and the private sector, aiding in the achievement of competitive neutrality. Treasurers Advance An appropriation purpose of that name, as specified in an Appropriation Act, which provides a pool of funds specifically set aside in each Budget to meet operational contingencies that arise during the year. User Charges A charge applied to end users of a service provided by a government agency or business division, calculated on a cost-recovery basis.
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