2012-13 Government Mid-year Financial Projections Statement

Appendix 1NOTE 3: GENERAL GOVERNMENT OPERATING REVENUEA detailed dissection of general government revenue is included at Appendix 2: GeneralGovernment Operating Revenue.NOTE 4: GENERAL GOVERNMENT TRANSFER EXPENSESTransfer expenses are defined as the provision of something of value for no specificreturn or consideration and include grants, subsidies, donations, transfers of assets free ofcharge, etc.The following table provides detail of current and capital transfer expenses of the generalgovernment sector, in line with Uniform Presentation Framework disclosurerequirements.TRANSFER EXPENSES (a)General Government2011-12 2012-13 2012-13 2013-14 2014-15 2015-16Budget Mid-year Mid-year Mid-year Mid-yearActual Estimate Revision Revision Revision Revision$m $m $m $m $m $mCURRENT TRANSFERSLocal government 450 324 318 430 548 586Local government on-passing 154 161 162 169 177 185Private and not-for-profit sector 1,407 1,569 1,554 1,674 1,484 1,376Private and not-for-profit sector on-passing 831 848 817 875 958 1,080Other sectors of government 2,211 2,000 2,052 2,094 2,045 2,021Total Current Transfers 5,053 4,902 4,903 5,242 5,213 5,249CAPITAL TRANSFERSLocal government 64 188 85 178 157 63Local government on-passing 101 105 105 109 114 118Private and not-for-profit sector 123 139 145 160 244 216Private and not-for-profit sector on-passing 40 24 25 27 30 33Other sectors of government 192 159 107 213 178 130Total Capital Transfers 520 616 467 688 722 560(a)Includes grants, subsidies and other transfer expenses.89