Northern Territory budget papers 2003 - 2004
2003/04 Budget paper
Northern Territory. Department of Treasury
Northern Territory budget papers; E-Journals; PublicationNT
2003-05-29
Made available via the Publications (Legal Deposit) Act 2004 (NT).; Please Note: This can't be read online. Please download to read the documents
Northern Territory Budget paper No. 01 2003-04 Speech and Appropriation Bill -- Northern Territory Budget paper No. 02 2003-04 Fiscal and Economic Outlook -- Northern Territory Budget paper No. 03 2003-04 The Budget -- Northern Territory Budget paper No. 04 2002-03 Capital Works Program -- Northern Territory Budget paper No. 05 2002-03 Budget Overview -- Budget paper No. 06 2002-03 NT Economy -- Northern Territory Budget paper No. 07 2002-03 Regional Highlights -- Northern Territory Budget paper No. 08 2002-03 Building Territory Business
English
Appropriations and expenditures; Periodicals; Budget; Finance, Public
Northern Territory Government
Darwin
2003/04
application/pdf
Attribution International 4.0 (CC BY 4.0)
Northern Territory Government
https://creativecommons.org/licenses/by/4.0/
https://hdl.handle.net/10070/591859 [LANT: E-Journals: Northern Territory Budget paper No. 01 2003-04 The Speech and Appropriation Bill]; https://hdl.handle.net/10070/591861 [LANT: E-Journals: Northern Territory Budget paper No. 02 2003-04 Fiscal and Economic Outlook]; https://hdl.handle.net/10070/591863 [LANT: E-Journals: Northern Territory Budget paper No. 03 2003-04 The Budget]; https://hdl.handle.net/10070/591865 [LANT: E-Journals: Northern Territory Budget paper No. 04 2003-04 Capital Works Program]; https://hdl.handle.net/10070/591867 [LANT: E-Journals: Northern Territory Budget paper No. 05 2003-04 Budget Overview]; https://hdl.handle.net/10070/591869 [LANT: E-Journals: Northern Territory Budget paper No. 06 2003-04 NT Economy]; https://hdl.handle.net/10070/591871 [LANT: E-Journals: Northern Territory Budget paper No. 07 2003-04 Regional Highlights]; https://hdl.handle.net/10070/591873 [LANT: E-Journals: Northern Territory Budget paper No. 08 2003-04 Building Territory Business]
https://hdl.handle.net/10070/244898
https://hdl.handle.net/10070/591861
https://hdl.handle.net/10070/591865; https://hdl.handle.net/10070/591867; https://hdl.handle.net/10070/591869; https://hdl.handle.net/10070/591871; https://hdl.handle.net/10070/591873; https://hdl.handle.net/10070/591859; https://hdl.handle.net/10070/591863
Fiscal and Economic Outlook 14 ________________________________________________________________________________________________ the components that contribute to the deficit (operating receipts, operating payments, capital receipts and capital payments) there are some significant movements within these component parts. TABLE 2.6: 2003-04 CASH FLOW STATEMENT General Government Non Financial Public Sector Feb 2003 May 2003 Variation Feb 2003 May 2003 Variation $M $M $M $M $M $M Net cash flows from operating activities 132 136 4 180 205 25 Net cash flows from investments in non financial assets -158 -161 -3 -214 -232 -18 Net cash flows from investments in financial assets 8 46 34 13 52 39 Net cash flows from financing activities 5 -33 -38 10 -37 -47 Net increase (decrease) in cash held -10 -13 -3 -8 -12 -4 Net increase from activities in non financial assets -26 -25 1 -34 -26 8 Finance leases 1 1 1 1 Surplus (+) / Deficit (-) -25 -24 1 -33 -25 8 The net cash flows from operating activities have increased by $4 million since the Mid-Year Report, which is the result of increased operating receipts of $32 million offset by increased payments of $28 million. The increase in operating receipts of $32 million is the result of increases in taxes, grants and subsidies and other receipts, offset by a sale of goods and services. Taxes have increased by $7 million since the Mid-Year Report. This is due to an expected increase in economic activity offset by a reduction in the pay-roll tax rate from 6.3 to 6.2 per cent and the removal of the temporary budget improvement levy from 1 July 2003. These two items have resulted in a revenue loss of around $10 million. As discussed previously, grants and subsidies have increased by $35 million due to an increase in both GST revenue and specific purpose payments. The increase in operating payments is the result of increased grant payments of $41 million, which is consistent with, but higher than, the operating statement, as it includes the repayment of $17.5 million for the overpaid budget balancing assistance in 2002-03. This payment was reflected in the operating statement in 2002-03, but will actually occur in 2003-04. This increase is offset by the decreased interest expense of $15 million and lower superannuation benefit payments discussed previously. The net cash flows from investments in non financial assets have decreased due to the additional capital works cash transferred from 2002-03 of $10 million, offset by the sales of non financial assets increasing by $7 million. This is due to an increase in land sales estimates of $7 million, including the transfer from 2002-03 to 2003-04, of $3 million. Again, the non financial public sector follows the result for general government, however net operating receipts are higher, offset by a larger increase in net operating payments. The deficit has improved by $8 million as a result.