❓ Hon ED DERMER asks about the assumed interest rates used in the 2010-11 WA State Budget for calculating net interest costs as a share of revenue. The Treasurer, via Hon HELEN MORTON, provides a table outlining the interest rate assumptions for 2009-10 through 2013-14.
AnsweredQoN 314Legislative Council
QuestionView source ↗
STATE BUDGET 2010–11 — NET INTEREST COSTS
Some notice has been given of this question. I refer to the government’s fiscal strategy to maintain net interest costs as a share of revenue below 4.5 per cent. What is the assumed interest rate for the calculation of this ratio across the forward estimates for the purposes of the 2010-11 budget? Hon HELEN MORTON
Some notice has been given of this question. I refer to the government’s fiscal strategy to maintain net interest costs as a share of revenue below 4.5 per cent. What is the assumed interest rate for the calculation of this ratio across the forward estimates for the purposes of the 2010-11 budget? Hon HELEN MORTON
AnswerView source ↗
I thank the honourable member for some notice of the question. The Treasurer has provided the following answer — The following table summarises the 2010-11 budget interest rate assumptions underlying the published projections of debt servicing costs. 2010-11 Budget Interest Rate Assumptions Interest rate assumption for 2009-10 4.4 %; 2010-11 6.2 %; 2011-12 7.1 %; 2012-13 7.3 %; and 2013-14 6.7 %.
Hon HELEN MORTON replied: I thank the honourable member for some notice of the question. The Treasurer has provided the following answer — The following table summarises the 2010-11 budget interest rate assumptions underlying the published projections of debt servicing costs. 2010-11 Budget Interest Rate Assumptions Interest rate assumption for 2009-10 4.4 %; 2010-11 6.2 %; 2011-12 7.1 %; 2012-13 7.3 %; and 2013-14 6.7 %.
I thank the honourable member for some notice of the question. The Treasurer has provided the following answer — The following table summarises the 2010-11 budget interest rate assumptions underlying the published projections of debt servicing costs. 2010-11 Budget Interest Rate Assumptions Interest rate assumption for 2009-10 4.4 %; 2010-11 6.2 %; 2011-12 7.1 %; 2012-13 7.3 %; and 2013-14 6.7 %.
2010-11 Budget Interest Rate Assumptions Interest rate assumption for 2009-10 4.4 %; 2010-11 6.2 %; 2011-12 7.1 %; 2012-13 7.3 %; and 2013-14 6.7 %.
Interest rate assumption for 2009-10 4.4 %; 2010-11 6.2 %; 2011-12 7.1 %; 2012-13 7.3 %; and 2013-14 6.7 %.
2009-10 4.4 %; 2010-11 6.2 %; 2011-12 7.1 %; 2012-13 7.3 %; and 2013-14 6.7 %.
Hon HELEN MORTON replied: I thank the honourable member for some notice of the question. The Treasurer has provided the following answer — The following table summarises the 2010-11 budget interest rate assumptions underlying the published projections of debt servicing costs. 2010-11 Budget Interest Rate Assumptions Interest rate assumption for 2009-10 4.4 %; 2010-11 6.2 %; 2011-12 7.1 %; 2012-13 7.3 %; and 2013-14 6.7 %.
I thank the honourable member for some notice of the question. The Treasurer has provided the following answer — The following table summarises the 2010-11 budget interest rate assumptions underlying the published projections of debt servicing costs. 2010-11 Budget Interest Rate Assumptions Interest rate assumption for 2009-10 4.4 %; 2010-11 6.2 %; 2011-12 7.1 %; 2012-13 7.3 %; and 2013-14 6.7 %.
2010-11 Budget Interest Rate Assumptions Interest rate assumption for 2009-10 4.4 %; 2010-11 6.2 %; 2011-12 7.1 %; 2012-13 7.3 %; and 2013-14 6.7 %.
Interest rate assumption for 2009-10 4.4 %; 2010-11 6.2 %; 2011-12 7.1 %; 2012-13 7.3 %; and 2013-14 6.7 %.
2009-10 4.4 %; 2010-11 6.2 %; 2011-12 7.1 %; 2012-13 7.3 %; and 2013-14 6.7 %.
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