2012-13 Government Mid-year Financial Projections Statement

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2012-13 Government Mid-year Financial Projections StatementExpense Growth: Ensure that Real Per Capita Own-Purpose Expenses 2 forthe General Government Sector do not IncreaseThis target is expected to be met in 2012-13 and across each of the outyears.The target allows for general government expense growth up to the combined growth inpopulation and wages (as measured by the Wage Price Index), and excludesCommonwealth grants that are passed ‘through’ the State. Based on forecast growth inthese parameters, the target allows for nominal expense growth of up to 7.3% in 2012-13and an average of 6.6% across the outyears.General government expense growth in 2012-13 is forecast to be 2.5% in nominal terms,which is well within target. This is down from an estimated 4.2% increase at the time ofthe budget, reflecting the impact of:the post-budget corrective measures implemented in 2012-13 (as discussed inChapter 1); andthe ‘base’ effect of a higher than expected outcome in 2011-12 expenses (detailed inthe 2011-12 Annual Report on State Finances).Across the outyears (2013-14 to 2015-16), expense growth is forecast to average 4.3%per annum, compared to the average 6.6% growth permitted under this target.$ (2012-13 dollars)11,000REAL PER CAPITA OWN-PURPOSE EXPENSESGeneral Government SectorFigure 42012-13 Budget 2012-13 Mid-year Review10,50010,0009,5009,0008,5008,0002011-12 2012-13 2013-14 2014-15 2015-162Own-purpose expenses exclude Commonwealth grants on-passed through the State to third parties such as non-governmentschools and local governments.50
Financial StrategyThe single largest component of general government sector expenses is salaries, whichaccount for around 40% of total expenses. Since coming to office, reducing the rate ofgrowth in salaries expenditure has been a major focus of the Government’s expendituremanagement. The Government announced additional measures focusing on employeecosts in September 2012, including capping leave liabilities at 30 June 2012 levels andlowering (by around 1,200 full-time equivalent positions) approved agency staff ceilingsto reflect actual (occupied) levels across the general government sector. As a result ofthese measures (and the accumulated impact of past measures), total salaries growth isexpected to average 4.8% across 2012-13 to 2015-16, well below the 11.7% and 12.4%highs in 2007-08 and 2008-09 respectively.51
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2012-13 Government Mid-year Financial Projections Statement

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