2012-13 Government Mid-year Financial Projections Statement

More documents

Recommendations

Info

2012-13 Government Mid-year Financial Projections StatementMINISTER FOR TRAINING AND WORKFORCEDEVELOPMENT; CORRECTIVE SERVICESMAJOR PORTFOLIO SPENDING CHANGES2012-13$m2013-14$m2014-15$m2015-16$mTRAINING AND WORKFORCE DEVELOPMENTExpensesTraining Delivery – Commonwealth Funded 2.1 4.4 5.9 7.1Training Delivery – State Funded 20.6 3.2 - -CORRECTIVE SERVICESExpensesDaily Average Prisoner (DAP) Population – OffenderIncrease 10.5 10.5 10.5 10.5RiskCover Shortfall 4.9 4.9 4.9 4.9Training and Workforce DevelopmentExpensesTraining DeliveryAn additional $43.4 million will be spent over the forward estimates period (including$22.7 million in 2012-13) to ensure that training delivery continues to meet the needs ofthe Western Australian economy.Corrective ServicesExpensesDaily Average Prisoner (DAP) Population – Offender IncreaseAn additional $10.5 million per annum will be spent, commencing in 2012-13, for costincreases associated with the DAP population increasing to 4,782. This is up from aprojected DAP population of 4,640 at the time of the budget.RiskCover ShortfallAn additional $4.9 million per annum will be spent over the forward estimates period toaccommodate the increase in insurance premiums driven largely by high workers’compensation claims.126
Appendix 3PROVISIONSMAJOR SPENDING CHANGES2012-13$m2013-14$m2014-15$m2015-16$mExpensesTeacher Registration Board 5.0 5.0 5.0 5.0Pilbara Generation Capacity – Synergy operatingsubsidy - 15.0 17.0 -Asset InvestmentTransport Infrastructure to support the new PerthStadium 22.3 38.1 12.6 34.1Pilbara Generation Capacity – site works and networkupgrade - 21.0 - -ProvisionsExpensesTeacher Registration BoardThe mid-year review includes a financial provision to reflect the integration of theTeacher Registration Board into the Department of Education Services on7 December 2012. The board was established by proclamation of the TeacherRegistration Act 2012 and replaces the Western Australian College of Teaching.The provision, which includes expenses of $5 million per annum, is matched by anequivalent annual revenue stream.Pilbara Generation Capacity - Synergy operating subsidy provisionThe operating subsidy paid to Synergy is assumed to increase by $32 million over theforward estimates period as a result of Horizon Power’s Pilbara Generation Capacityactivities. This amount will be held as a provision, with release subject to final approvalsof the Minister for Energy and the Treasurer.Asset InvestmentTransport Infrastructure to support the new Perth StadiumThe State Government has approved the Project Definition Plan for transportinfrastructure associated with the new Perth Stadium. A total of $339.3 million will bespent on the construction of the rail and road transport infrastructure, including$196.7 million over the forward estimates period (up from $102 million in the2012-13 Budget). This includes a new train station alongside the Stadium, rail signalupgrades, upgrades to the East Perth train station, two new bus facilities, a new pedestrianbridge over the Swan River, and road enhancements and improvements. In addition,$19.4 million will be spent on project management by the Public Transport Authority andMain Roads.127
Page 1:
2012‐13GovernmentMid‐year Finan
Page 4 and 5:
2012-13 Government Mid-year Financi
Page 7:
ForewordThis Government Mid-year Fi
Page 10 and 11:
Page 12 and 13:
Page 14 and 15:
Page 16 and 17:
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26 and 27:
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
Page 36 and 37:
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
Page 44 and 45:
Page 46 and 47:
Page 48 and 49:
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85: 2012-13 Government Mid-year Financi
Page 160: 2012-13 Government Mid-year Financi
show all

2012-13 Government Mid-year Financial Projections Statement

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?