❓ Mr. Wyatt questions the WA Government's decision to omit long-term net debt projections from the 2014-2015 budget and seeks clarification on changes in borrowing assumptions and related factors. The government states it made no assumptions regarding borrowing beyond forward estimates and refers to a previous answer for detailed assumptions.
AnsweredQoN 2393Legislative Assembly
QuestionView source ↗
I refer to the decision of the Government to
not include a long-term (10 year) projection of net debt in the 2014-2015
Budget as it did with the 2013-2014 Budget and the Treasurer’s comments during
Budget Estimates on 21 May 2014 that the long term projections contained in the
2013-2014 Budget ‘makes certain assumptions that the Government has not made
about the continuation of borrowing beyond the forward estimates’, and I
ask: (a) what specifically has changed in
respect of the Government’s assumptions about the continuation of borrowing
beyond the forward estimates; (b) do any
of these changes concern the cost of debt, and if so, what are those changes
and what impact do these assumptions have on the total cost of debt; (c) what were the current account deficit
assumptions contained in the long-term projections in the 2013-2014 Budget;
and (d) what were all the assumptions
made by Treasury in the long-term projections contained in the 2013-2014
Budget?
not include a long-term (10 year) projection of net debt in the 2014-2015
Budget as it did with the 2013-2014 Budget and the Treasurer’s comments during
Budget Estimates on 21 May 2014 that the long term projections contained in the
2013-2014 Budget ‘makes certain assumptions that the Government has not made
about the continuation of borrowing beyond the forward estimates’, and I
ask: (a) what specifically has changed in
respect of the Government’s assumptions about the continuation of borrowing
beyond the forward estimates; (b) do any
of these changes concern the cost of debt, and if so, what are those changes
and what impact do these assumptions have on the total cost of debt; (c) what were the current account deficit
assumptions contained in the long-term projections in the 2013-2014 Budget;
and (d) what were all the assumptions
made by Treasury in the long-term projections contained in the 2013-2014
Budget?
AnswerView source ↗
Answered
12 August 2014
Responded by
Hon Dr M.D. Nahan
Response time
61 days
(a)-(b) The Government has not made any assumptions regarding borrowing beyond the forward estimates.
(c) There were no current account deficit related assumptions in the LTM.
(d) Please refer to the Legislative Assembly Question on Notice No. 1571 response on 25 February 2014.
(c) There were no current account deficit related assumptions in the LTM.
(d) Please refer to the Legislative Assembly Question on Notice No. 1571 response on 25 February 2014.
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