|
1. Numbers may not add due to rounding.
|
2. Reflects published actuals.
|
3. NFPS: Non-financial Public sector
|
|
Table 1.2: General Government sector - revisions to fiscal balance forecasts
|
|
|
Table 1.3: Reconciliation of net operating balance and fiscal balance
|
|
1. Numbers may not add due to rounding. Denotes impact on the operating and fiscal balance.
|
2. Represents parameter adjustments to taxation revenue. It does not include taxation revenue measures.
|
3. Represents movements in revenue
|
4. Reflects the value of Government decisions since the 2012-13 MYFER. This number will not match Budget Paper 4 - Budget Measures as it excludes measures funded by the Commonwealth Government since the 2012-13 MYFER and is net of funds held centrally for these measures.
|
5. Represents revisions to dividends and tax equivalent payments from
|
6. Represents the net impact of funding provided by the Australian Government primarily for Specific Purpose Payments and National Partnership payments.
|
7. Refers to adjustments largely of a non-policy nature
|
8. Refers to capital movements including the change in timing of capital payments including deferrals
|
|
Table 1.4: Cost of Natural Disasters
|
|
1. Numbers may not add due to rounding.
|
|
|
Table 1.5: Impact of Natural Disaster Relief and Recovery Arrangements funding on the fiscal balance
|
|
1. Numbers may not add due to rounding.
|
2. Excludes loans provided through the State which do not impact the fiscal balance but are included in Table 1.4.
|
3. Once advance funding has been fully utilised
|
|
Table 1.6: General Government sector - key financial aggregates
|
|
1. Numbers may not add due to rounding.
|
|
Table 1.7: General Government sector - key financial aggregates
|
|
1. Numbers may not add due to rounding.
|
2. Reflects published actuals.
|
|
Chart 1.1: General Government sector interest expense
|
|
|
Table 1.8: Non-financial Public sector - revisions to gross borrowings
|
|
1. Independent Commission of Audit (CoA) Interim Report borrowing numbers have been adjusted to ensure comparability with the 2012-13 MYFER and 2013-14 Budget.
|
|
Chart 1.2: Non-financial Public sector gross borrowings
|
|
1. Independent Commission of Audit Interim Report borrowing numbers have been adjusted to ensure comparability with the 2012-13 MYFER and 2013-14 Budget.
|
|
Chart 1.3: General Government sector fiscal balance
|
|
|
Chart 1.4: Debt to revenue ratio - Independent Commission of Audit Interim Report to 2013-14 Budget
|
|
|
Chart 1.5: Comparison of projected NFP sector interest expense to revenue ratio - Independent Commission of Audit Interim Report to 2013-14 Budget
|
|
|
Table 1.9: The fiscal principles of the Queensland Government
|
|
|
Table 2.1: Queensland's major trading partners' economic outlook
|
|
1. Annual % change. Decimal point figures indicate an actual outcome.
|
2. India's economic growth profile is on a fiscal year basis (April to March).
|
Sources: International Monetary Fund
|
|
Table 2.2: Economic forecasts/projections
|
|
|
2. Calculated using population flows data. See paragraph 23 of Technical Note to ABS publication 3101.0.
|
|
|
Chart 2.1: Contributions to growth in Queensland's gross state product
|
|
|
|
|
Chart 2.2: Economic growth
|
|
|
|
|
Chart 2.3: Dwelling investment
|
|
|
2. Preliminary construction work done data suggest that historical dwelling investment is likely to be revised in the March quarter 2013 State Details.
|
|
|
Chart 2.4: Business investment as a share of GSP
|
|
1. 2012-13 is an estimate and 2013-14 to 2015-16 are forecasts.
|
Sources: ABS 5206.0 and Queensland Treasury and Trade.
|
|
Table 2.3: Queensland economic forecasts
|
|
1. Unless otherwise stated
|
|
3. Preliminary construction work done data suggest that historical dwelling investment is likely to be revised in the March quarter 2013 State Details.
|
4. The decline in public final demand not only reflects the commitment to unwind the high deficits and unsustainable levels of spending by the previous government
|
5. Percentage point contribution to growth in gross state product.
|
|
|
Chart 2.5: Overseas tourist visitor nights to Queensland by source region
|
|
Source: International Visitor Survey
|
|
|
|
1. Year-average. 2012-13 are estimates
|
Sources: ABS 6202.0 and Queensland Treasury and Trade.
|
|
Chart 2.7: Population growth
|
|
|
|
Chart 2.8: Total central bank assets
|
|
Sources: US Federal Reserve Board
|
|
Table 3.1: General Government revenue
|
|
1. Numbers may not add due to rounding.
|
|
Chart 3.1: Revenue by operating statement category
|
|
1. The major component of Other Revenue is royalties and land rents (6.2% of total revenue).
|
|
Chart 3.2: Revenue by operating statement category for 2012-13 and 2013-14
|
|
|
Table 3.2: Revenue Change since 2012-13 Budget and MYFER
|
|
1. Numbers may not add due to rounding.
|
2. Excludes the impact of 2013-14 Budget revenue measures.
|
|
|
|
|
Chart 3.4: Contribution of key revenues to growth
|
|
|
Table 3.3: General Insurance Duty Rates
|
|
1. Concessional 5% rate payable on aviation
|
|
Table 3.4: Emergency Management
|
|
|
Table 3.5: Increase in Levy
|
|
|
Table 3.6: Payroll Tax Rates and Thresholds from 1 July 2013
|
|
1. Estimate based on annual indexation.
|
|
Table 3.7: Payroll tax threshold changes
|
|
|
Table 3.8: Taxation Revenue
|
|
1. Numbers may not add due to rounding.
|
2. Includes duty on accident insurance premiums.
|
3. Includes duty on life insurance premiums.
|
4. From 1 January 2014 will be broadened to an Emergency Management
|
5. Includes the Statutory Insurance Scheme Levy and Nominal Defendant Levy.
|
|
Chart 3.5: Taxation by tax category
|
|
1. Percentage does not add to 100% due to rounding.
|
2. 'Other Duties' includes vehicle registration duty
|
3. 'Other Taxes' includes the fire levy
|
|
Table 3.9: Queensland's tax competitiveness
|
|
1. 2013-14 data. Sources: 2012-13 MYFER for all jurisdictions except Victoria
|
2. 2011-12 data. Source: Commonwealth Grants Commission 2013 Update - total tax revenue effort for assessed taxes (payroll
|
3. 2011-12 data. Sources: ABS 5220.0 (State Accounts - GSP) and ABS 5506 Taxation Revenue 2011-12.
|
4. Low taxation per capita primarily reflects the lower revenue raising capacity of those jurisdictions.
|
5. Figures include municipal rates.
|
6. Weighted average of states and territories
|
|
Table 3.10: Grants revenue
|
|
1. Numbers may not add due to rounding.
|
|
Table 3.11: Australian Government payments
|
|
1. Numbers may not add due to rounding.
|
2. Differs from Chapter 6 due to the inclusion of direct Australian Government payments to Queensland departments for Commonwealth own purpose expenditure.
|
|
Table 3.12: Other grants and contributions
|
|
|
Table 3.13: Sales of goods and services
|
|
1. Numbers may not add due to rounding.
|
|
Table 3.14: Interest income
|
|
|
Table 3.15: Dividend and income tax equivalent income
|
|
1. Numbers may not add due to rounding.
|
2. Does not match table in Chapter 7 because it includes dividends and tax equivalents from outside the PNFC sector such as Queensland Investment Corporation Ltd.
|
|
Table 3.16: Other revenue
|
|
1. Numbers may not add due to rounding.
|
|
Table 3.17: Royalties and land rents
|
|
1. Numbers may not add due to rounding.
|
2. Includes base and precious metal
|
|
Chart 4.1: 2012-13 Expenses by operating statement category
|
|
|
Table 4.1: General Government sector expenses
|
|
1. Numbers may not add due to rounding.
|
|
Chart 4.2: Expenses by operating statement category
|
|
1. Percentages do not add to 100% due to rounding.
|
|
Chart 4.3: Expenses by operating statement category
|
|
|
Chart 4.4: Departmental FTEs
|
|
|
Table 4.2: Total funded FTE positions by Department
|
|
1. Total FTEs by department.
|
2. For the purpose of achieving a meaningful comparison
|
3. Explanation of variations in departmental FTEs can be found in the Service Delivery Statements.
|
4. This represents Health Consolidated in the Service Delivery Statement
|
|
Table 4.3: Grant expenses
|
|
1. Numbers may not add due to rounding.
|
2. The community service obligations expense disclosed above does not agree to the total disclosed in Table 7.5 due to contract negotiations in progress.
|
|
Chart 4.5: General Government expenses by purpose
|
|
|
Table 4.4: Departmental Controlled Expenses
|
|
1. Total expenses by department does not equate to total General Government expenses in Uniform Presentation Framework (UPF) terms reported elsewhere in the Budget Papers as General Government expenses include a wider range of entities including State Government statutory authorities. In addition transactions eliminated between entities within the General Government sector (for example payroll tax payments) are excluded in the preparation of whole-of-Government UPF financial statements.
|
2. Explanation of variations in departmental controlled expenses can be found in the Service Delivery Statements.
|
3. This represents Health Consolidated in the Service Delivery Statement
|
|
Table 4.5: Departmental Administered Expense
|
|
1. Total expenses by department does not equate to total General Government expenses in Uniform Presentation Framework (UPF) terms reported elsewhere in the Budget Papers as General Government expenses include a wider range of entities including State Government statutory authorities. In addition transactions eliminated between entities within the General Government sector (for example payroll tax payments) are excluded in the preparation of whole-of-Government UPF financial statements.
|
2. Explanation of variations in departmental administered expenses can be found in the Service Delivery Statements.
|
|
Table 4.6: Reconciliation of Departmental to UPF Expenses
|
|
1. Numbers may not add due to rounding.
|
2. Certain expenses such as asset valuation changes are excluded from UPF reporting. In addition
|
|
Table 5.1: General Government sector: summary of budgeted balance sheet
|
|
1. Numbers may not add due to rounding.
|
2. Numbers have been restated where subsequent changes in classification have occurred.
|
|
|
Chart 5.1: Project General Government financial assets by category at 30 June 2014
|
|
|
Chart 5.2: General Government per capita purchases of non-financial assets
|
|
|
Chart 5.3: Proportion of General Government capital purchases spent on disaster restoration
|
|
|
Chart 5.4: Projected General Government liabilities by category at 30 June 2014
|
|
1. 'Borrowing' includes borrowing
|
|
Table 5.2: General Government sector: Reconciliation of cash flows from operating activities to accrual operating activities
|
|
1. Numbers may not add due to rounding.
|
|
Chart 6.1: General Government revenue sources
|
|
1. 2013-14 are estimates.
|
2. 'Other state revenue' includes user charges
|
Sources: ABS Government Finance Statistics Cat No. 5512.0 and state and Australian Government Budget Papers.
|
|
Table 6.1: Estimated Australian Government payments to the states
|
|
1. Numbers may not add due to rounding.
|
2. Deflated by the 2013-14 national inflation forecast of 2.25% and national population growth of 1.7%.
|
3. Numbers are based on estimates in the Australian Government's 2013-14 Budget
|
4. Other general revenue includes royalty sharing arrangements (such as offshore petroleum royalty revenues)
|
Source: Australian Government Budget Paper No. 3
|
|
Table 6.2: Relative shares of Australian Government payments to the states
|
|
1. Numbers do not add due to rounding.
|
2. Excludes payments unallocated among the states and territories in the Australian Government Budget papers. Royalties paid by the Australian Government to Western Australia and the Northern Territory
|
3. A state's relative share is measured as its funding share as a percentage of its population share (may not divide due to rounding).
|
4. The Queensland share is based on Australian Government Budget Papers and does not reflect the 2013-14 Queensland Government budget position.
|
Source: Australian Government Budget Paper No. 3
|
|
Chart 6.2: General Government revenue sources
|
|
1. 2013-14 are estimates.
|
|
Sources: ABS Government Finance Statistics Cat No. 5512.0 and Queensland Budget estimates.
|
|
Chart 6.3: National Specific Purpose Payments by sector
|
|
Source: Australian Government Budget Papers and Queensland Treasury and Trade estimates.
|
|
Chart 6.4: National Partnership Payments by sector
|
|
1. Excludes direct local government funding.
|
2. NDRRA is funding for the Natural Disaster Reconstruction and Recovery Agreement.
|
Source: Australian Government Budget Papers and Queensland Treasury and Trade estimates.
|
|
Chart 6.5: Payments for specific purposes to Queensland
|
|
1. Excludes direct local government funding.
|
Source: Australian Government Budget Papers and Queensland Treasury and Trade estimates.
|
|
Table 6.3: GST share and underlying impact of relativities
|
|
1. The underlying impact reflects the change to Queensland's GST share from the CGC's new relativities alone
|
Source: Australian Government Budget 2013-14
|
|
Chart 6.6: Queensland's GST Relativity
|
|
Sources: Report on GST Revenue Sharing Relativities - 2013 Update
|
|
|
|
Sources: Australian Government Budget Papers and Queensland Treasury and Trade.
|
|
Chart 6.8: GST revenue estimates
|
|
Sources: Australian Government Budget Paper No. 3
|
|
Table 6.4: Grants to local governments in Queensland
|
|
|
2. Numbers may not add due to rounding.
|
3. Increased grants for energy and water supply in 2013-14 reflect funding for the Dam Safety Spillway Upgrade.
|
4. Increase in 2013-14 is primarily due to increased capital grants for rural and remote housing.
|
5. Includes general purpose grants from the State and Australian Governments. The decrease from 2012-13 to 2013-14 is primarily due to an advance payment made in June 2013 of 2013-14 Financial Assistance Grants to local governments.
|
6. Increase in grants in 2013-14 is due to changes in the profile of funding required for reconstruction due to the impact of Tropical Cyclone Oswald and associated disaster events.
|
7. Increased grants for Transport and Main Roads in 2013-14 are mainly due to Roads to Resources capital grant funding and upgrades to key rail crossings.
|
|
Table 7.1: Earnings before interest and tax
|
|
1. Numbers may not add due to rounding.
|
|
|
|
1. Numbers may not add due to rounding.
|
|
Table 7.3: Ordinary dividends
|
|
1. Numbers may not add due to rounding.
|
2. Represents dividends declared in the period.
|
3. Will not match dividend numbers quoted in Chapter 3
|
|
Table 7.4: Current tax equivalent payments
|
|
1. Numbers may not add due to rounding.
|
2. Will not match tax equivalent payments revenues quoted in Chapter 3
|
|
Table 7.5: Community service obligation payments
|
|
1. Numbers may not add due to rounding.
|
2. The numbers in this table will not match those in Table 4.3 due to ongoing contract negotiations.
|
|
Table 7.6: Net flows to the General Government sector from PFNC sector entities
|
|
|
Table 7.7: Equity contributions
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.1: General Government sector operating statement
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.2: Public Non-financial Corporations sector operating statement
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.3: Non-financial Public sector operating statement
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.4: General Government sector balance sheet
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.5: Public Non-financial Corporations sector balance sheet
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.6: Non-financial Public sector balance sheet
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.7: General Government sector cash flow statement
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.8: Public Non-financial Corporations sector cash flow statement
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.9: Non-financial Public sector cash flow statement
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.10: Reconciliation of UPF net operating balance to accounting operating result
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.11: General Government sector
|
|
1. Numbers may not add due to rounding.
|
Source: Outcomes Reports for Queensland 2005-06 to 2011-12. (Numbers have been recast for changes to UPF presentation.)
|
|
Table 8.12(a): General Government sector grant revenue
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.12(b): General Government sector grant expense
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.13: General Government sector dividend and income tax equivalent income
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.14: General Government sector expenses by function
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.15: General Government sector purchases of non-financial assets by function
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.16: General Government sector taxes
|
|
1. Numbers may not add due to rounding.
|
|
Table 8.17: Local Council allocation
|
|
1. Numbers may not add due to rounding.
|
2. Memorandum items include operating leases and local government borrowings.
|
|
Table 8.18: Contingent liabilities
|
|
|
Table A.1: Tax expenditure summary
|
|
1. Numbers may not add due to rounding.
|
2. 2011-12 estimates may have been revised since the 2012-13 Budget.
|
3. Exemption threshold of $1 million applied prior to 1 July 2012
|
4. Prior to 1 July 2012 a deduction of $1 million
|
5. Land tax is payable only on the value of taxable land above a threshold which depends on the ownership structure.
|
|
7. No longer applies from 1 July 2012.
|
8. Not applicable between 1 August 2011 and 30 June 2012.
|
|
Table B.1: Taxation and royalty revenue
|
|
1. Numbers may not add due to rounding.
|
|
Table B.2: Coal royalty assumptions
|
|
1. Excludes coal produced for domestic consumption and coal where royalties are not paid to the government
|
|
3. Represent the benchmark contract price for highest quality coal type. Prices are discounted to reflect prices for lower quality coal. Hard coking coal can be sold up to $25 below benchmark and thermal $12 below.
|
|
|
|
|
|