2012-13 Government Mid-year Financial Projections Statement

More documents

Recommendations

Info

2012-13 Government Mid-year Financial Projections Statement2012-13 ASSET INVESTMENT PROGRAMFigure 6Other agencies$116m(1.6%)LandCorp$384m(5.2%)Education$608m(8.3%)Corrective Services$174m(2.4%)Health$1,141m(15.6%)TOTAL$7,323mWater Corporation$1,004m(13.7%)Public TransportAuthority$570m(7.8%)Main Roads$778m(10.6%)Electricity utilities$1,448m(19.8%)Housing Authority$1,101m(15.0%)2013-14 to 2015-16The total public sector Asset Investment Program is forecast to be $1.3 billion higheracross the outyears than forecast at the time of the 2012-13 Budget. This increasereflects:the $258 million increase in general government sector infrastructure spendingdiscussed earlier; andan additional $1.1 billion in spending by public corporations, mainly reflecting:a $1.0 billion increase in land and property development work conducted by theHousing Authority, reflecting movements in demand and the housing market andthe planned continuation of the SharedStart Affordable Housing expression ofinterest program (with this increase largely matched by higher projected sales ofland and affordable housing stock);construction of a new passenger train station, associated minor bus interchange,and a 2,000 bay car park at Aubin Grove. Expenditure of $71 million will includethe purchase of an additional two three-railcar sets to meet the resultant increasedtravel demand associated with the station;a further $69 million in 2013-14 (following $69 million in 2012-13, noted above)to facilitate the development of a new power station in South Hedland;a further $85 million for transport infrastructure to support the stadium; and26
Financial Projectionsa net saving of $13 million resulting from revised financial forecasts for theMetropolitan Redevelopment Authority.Further details of the material changes in spending since budget are available inAppendix 3: Major Spending Changes Since Budget.Balance SheetTotal public sector net worth is equal to that of the general government sector (discussedearlier in this chapter). This reflects the consolidation of the net worth of publiccorporations as an equity asset in the balance sheet of the general government sector.Further detail on total public sector net debt is outlined below.Cash Flow StatementThe total public sector is expected to record a cash shortfall of $3.6 billion in 2012-13,broadly similar to the $3.4 billion shortfall forecast at budget-time. In line with thebudget-time projections, cash shortfalls are also in prospect in each of the outyears,reflecting continued high levels of infrastructure investment.27
Page 1: 2012‐13GovernmentMid‐year Finan
Page 4 and 5: 2012-13 Government Mid-year Financi
Page 7: ForewordThis Government Mid-year Fi
Page 84 and 85:
2012-13 Government Mid-year Financi
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160:
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?