❓ Hon Peter Foss asks the Treasurer about unbudgeted capital loan repayments in 2002-2003. The Treasurer provides a detailed breakdown by agency, explaining significant variances due to debt refinancing and project-related debt.
AnsweredQoN 791Legislative Council
QuestionView source ↗
(1) Have there been any unbudgeted capital loan repayments in 2002-2003?
(2) If yes, from whom and for how much?
(2) If yes, from whom and for how much?
AnswerView source ↗
Answered
24 June 2003
Responded by
Minister for Racing and Gaming representing the Treasurer
Response time
40 days
(2) According to expected out-turn data submitted for the 2003/04 budget, the following agencies have made, or are expected to make, higher capital repayments in 2002/03 than originally estimated in the 2002/03 budget. Budget Estimated Variance $m $m $m Albany Port Authority 0.413 0.418 0.005 Bunbury Port Authority 0.450 0.575 0.125 Country High Schools Hostels Authority 0.264 0.464 0.200 Forest Products Commission 0.600 2.424 1.824 Western Australian Government Railways Commission 22.732 44.628 21.896 Karratha College of TAFE 0.012 0.020 0.008 Rottnest Island Authority 0.295 0.296 0.001 State Housing Commission 8.602 129.247 120.645 Treasury and Finance Administered (a) 11.678 27.227 15.549 (a) I ncludes the Consolidated Fund. In relation to the significant variances: · the Western Australian Government Railways Commission repaid some New MetroRail Project debt, which was raised to support cash flows during the period in which responsibility for the project was transferred from the Department for Planning and Infrastructure. This temporary debt raising was extinguished in the same year it was raised; and · the State Housing Commission and the Department of Treasury and Finance refinanced some long term debt, taking advantage of lower interest rates.
Budget Estimated Variance $m $m $m Albany Port Authority 0.413 0.418 0.005 Bunbury Port Authority 0.450 0.575 0.125 Country High Schools Hostels Authority 0.264 0.464 0.200 Forest Products Commission 0.600 2.424 1.824 Western Australian Government Railways Commission 22.732 44.628 21.896 Karratha College of TAFE 0.012 0.020 0.008 Rottnest Island Authority 0.295 0.296 0.001 State Housing Commission 8.602 129.247 120.645 Treasury and Finance Administered (a) 11.678 27.227 15.549 (a) I ncludes the Consolidated Fund. In relation to the significant variances: · the Western Australian Government Railways Commission repaid some New MetroRail Project debt, which was raised to support cash flows during the period in which responsibility for the project was transferred from the Department for Planning and Infrastructure. This temporary debt raising was extinguished in the same year it was raised; and · the State Housing Commission and the Department of Treasury and Finance refinanced some long term debt, taking advantage of lower interest rates.
Albany Port Authority 0.413 0.418 0.005 Bunbury Port Authority 0.450 0.575 0.125 Country High Schools Hostels Authority 0.264 0.464 0.200 Forest Products Commission 0.600 2.424 1.824 Western Australian Government Railways Commission 22.732 44.628 21.896 Karratha College of TAFE 0.012 0.020 0.008 Rottnest Island Authority 0.295 0.296 0.001 State Housing Commission 8.602 129.247 120.645 Treasury and Finance Administered (a) 11.678 27.227 15.549 (a) I ncludes the Consolidated Fund. In relation to the significant variances:
(a) I ncludes the Consolidated Fund. In relation to the significant variances:
In relation to the significant variances:
Budget Estimated Variance $m $m $m Albany Port Authority 0.413 0.418 0.005 Bunbury Port Authority 0.450 0.575 0.125 Country High Schools Hostels Authority 0.264 0.464 0.200 Forest Products Commission 0.600 2.424 1.824 Western Australian Government Railways Commission 22.732 44.628 21.896 Karratha College of TAFE 0.012 0.020 0.008 Rottnest Island Authority 0.295 0.296 0.001 State Housing Commission 8.602 129.247 120.645 Treasury and Finance Administered (a) 11.678 27.227 15.549 (a) I ncludes the Consolidated Fund. In relation to the significant variances: · the Western Australian Government Railways Commission repaid some New MetroRail Project debt, which was raised to support cash flows during the period in which responsibility for the project was transferred from the Department for Planning and Infrastructure. This temporary debt raising was extinguished in the same year it was raised; and · the State Housing Commission and the Department of Treasury and Finance refinanced some long term debt, taking advantage of lower interest rates.
Albany Port Authority 0.413 0.418 0.005 Bunbury Port Authority 0.450 0.575 0.125 Country High Schools Hostels Authority 0.264 0.464 0.200 Forest Products Commission 0.600 2.424 1.824 Western Australian Government Railways Commission 22.732 44.628 21.896 Karratha College of TAFE 0.012 0.020 0.008 Rottnest Island Authority 0.295 0.296 0.001 State Housing Commission 8.602 129.247 120.645 Treasury and Finance Administered (a) 11.678 27.227 15.549 (a) I ncludes the Consolidated Fund. In relation to the significant variances:
(a) I ncludes the Consolidated Fund. In relation to the significant variances:
In relation to the significant variances:
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