❓ The Treasurer outlines the details of a $17 billion revenue write-down, referencing specific budget papers and mid-year reviews where the information is detailed by year and revenue source.
AnsweredQoN 5229Legislative Assembly
QuestionView source ↗
In relation to your comments in the Parliament on 24 February 2016 that the Western Australian Government has suffered a $17 billion write-down in revenue, will you please outline the details, by year and revenue source, this $17 billion write-down?
AnswerView source ↗
Answered
10 May 2016
Response time
56 days
1.The 2014-15 Mid-year Review (released on 22 December 2014 and subsequently tabled in the Legislative Assembly) provided details of a $5.5 billion revision to the revenue outlook (excluding revenue measures) that emerged following finalisation of the 2014-15 Budget - see table on page 13 of that publication and explanatory text on pages 14-19.
Budget Paper No. 3: Economic and Fiscal Outlook for the 2015-16 Budget (presented to the Legislative Assembly on 14 May 2015) provided details of a $4.7 billion revision to the revenue outlook between the 2014-15 Mid-year Review and the 2015-16 Budget (excluding revenue measures) - see table on page 40 of that publication, summary text on pages 43-44, and expansive detail on the revenue outlook in Chapter 4: General Government Revenue (pages 87-120).
The 2015-16 Mid-year Review (released on 21 December 2015 and subsequently tabled in the Legislative Assembly) provided details of a $6.9 billion revision to the revenue outlook (excluding revenue measures) that emerged following finalisation of the 2015-16 Budget - see table on page 11 of that publication and explanatory text on pages 12-17.
In aggregate and in round terms, these revisions total $17 billion.
Budget Paper No. 3: Economic and Fiscal Outlook for the 2015-16 Budget (presented to the Legislative Assembly on 14 May 2015) provided details of a $4.7 billion revision to the revenue outlook between the 2014-15 Mid-year Review and the 2015-16 Budget (excluding revenue measures) - see table on page 40 of that publication, summary text on pages 43-44, and expansive detail on the revenue outlook in Chapter 4: General Government Revenue (pages 87-120).
The 2015-16 Mid-year Review (released on 21 December 2015 and subsequently tabled in the Legislative Assembly) provided details of a $6.9 billion revision to the revenue outlook (excluding revenue measures) that emerged following finalisation of the 2015-16 Budget - see table on page 11 of that publication and explanatory text on pages 12-17.
In aggregate and in round terms, these revisions total $17 billion.
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