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APPROPRIATION BILL 1992
NEW SOUTH WALES
EXPLANATORY NOTE
(This Explanatory Note relates to this Bill as introduced into Parliament)
The following Bills are cognate with this Bill:
Business Franchise Licences Petroleum products) Amendment Bill 1992;
Motor Vehicles Taxation (Amendment) Bill 1992;
Road Improvement (Special Funding) Amendment Bill 1992.
The object of this Bill is to appropriate various sums of money required for the
ordinary annual services of the Government (in the Bill referred to as recurrent
and capital works and services of the Government during the current financial year and
also to appropriate certain expenditures of an unforeseen nature which were made
during the financial year 199192 without Parliamentary appropriation.
The Bill relates to appropriations from the Consolidated Fund--the principal account
of the Government for Budget Sector transactions. The Consolidated Fund could be
considered as the "public purse" and largely comprises receipts from, and payments out
of taxes, fines some regulatory fees, Commonwealth grants and income from Crown
assets.
In addition to allocations from the Consolidated Fund, most Budget Sector agencies
would have other sources of moneys available to them. These moneys could arise from
user charges, part retention of asset sale proceeds, industry contributions, etc. These are
not appropriated by Parliament as they are not in the nature of taxes or other mandatory
levies for which a service is not provided in return for payment.
The Budget Papers refer to a number of aggregates, each of which has its own
purpose in explaining the financial operations of the Budget Sector. The main Budget
Sector aggregates are:
Total Payments:
Total cash outflows from all sources of funds (with
adjustments to minimise double-counting where one
agency partly funds another's operations).
Useful
measuring the total cash resources applied
directly to a function of government (e.g. health,
education).
Outlays:
Total payments less:
· user charges (in the case of current outlays); and
· asset sales and receipt of advances repaid (in the
case of capital outlays).
Measures the net cost (on a cash basis) of a service to be
met by parties other than by the service recipients.
Consolidated Fund
Outlays less the use of other funds available to agencies
Appropriation:
(e.g. donations, cash balances).
Represents the amount to be met from the "public purse".
Once all Budget Sector agencies have adopted accrual accounting, equivalent
aggregates will also be available to measure the full cost (as opposed to only the cash
cost) of the Budget Sector as a
whole, not just individual agencies and services.
The relationship between the main Budget Sector aggregates for 199293 (in
comparison with 1991-92) are:
199192
199293
Capital
Current
Capital
Current
$m
$m
$m
$m
Total Payments (including
3,455
16,759
4,008
16,993
Treasurer's Advance)
plus Advances made
98
...
101 ...
less Agency User Charges
...
976 ...
997
less Asset Sale Proceeds
98
...
72 ...
Retained by Agencies
less Advances Repaid to
60
...
104 ...
Agencies
equals Outlays
3,395
15,783
3,933
15,996
less Other Agency Receipts
12
265
12
268
less Agencies' Use of Cash
(36)
37
40
27
and Investments (net)
less Advances Received
189
...
50 ...
plus Advances Repaid by
1,009
...
1,119
...
Agencies
equals Consolidated Fund
4,239
15,481
4,950
15,701
Appropriation