❓ Mr. Wyatt questions the absence of specific reporting on Economic Audit Stage 1 savings in the 2010-2011 State Budget, given their inclusion in the Mid-year Review and the increased operating surplus. The Minister's response refers to the Mid-year Review for agency breakdowns and explains that savings are now incorporated into base budget allocations, removing the need for separate reporting.
AnsweredQoN 3291Legislative Assembly
QuestionView source ↗
Page 4 of the
2010-11 Economic and Fiscal Outlook
states that the operating surplus for 2009–2010 is estimated to be $290 million, up from $51 million presented in the Mid-year Review. This amount in the Mid-year Review includes savings of $151.9 million made through Stage 1 of the Economic Audit. In relation to each agency within the Minister’s portfolio:
(a) what actual savings will be made through Stage 1 of the Economic Audit in the 2009–2010 year, the 2010–2011 year and each year of the forward estimates; and
(b) why were the actual and estimated actual savings, and estimated savings in each year of the forward estimates, not included in the 2010–2011 State Budget?
2010-11 Economic and Fiscal Outlook
states that the operating surplus for 2009–2010 is estimated to be $290 million, up from $51 million presented in the Mid-year Review. This amount in the Mid-year Review includes savings of $151.9 million made through Stage 1 of the Economic Audit. In relation to each agency within the Minister’s portfolio:
(a) what actual savings will be made through Stage 1 of the Economic Audit in the 2009–2010 year, the 2010–2011 year and each year of the forward estimates; and
(b) why were the actual and estimated actual savings, and estimated savings in each year of the forward estimates, not included in the 2010–2011 State Budget?
AnswerView source ↗
Answered
10 August 2010
Responded by
Minister representing the Minister for Energy; Training and Workforce Development
Response time
48 days
(a) Please refer to Appendix 5 of the 2009-10 Mid-year Review, pages 111-113, which provides a breakdown by agency of estimated savings associated with the Economic Audit Stage 1.
(b) As part of the 2009-10 Mid-year Review, all Economic Audit Stage 1 savings were reflected in agencies' ongoing budget allocations. That is, these savings are now reflected in the base allocation of all relevant agencies. On this basis, there is considered to be no ongoing need to specifically highlight and report Economic Audit Stage 1 savings measures. Having rolled out these savings measures, the Department of Treasury and Finance's focus is ensuring that agencies operate within their overall approved financial parameters.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
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(b) As part of the 2009-10 Mid-year Review, all Economic Audit Stage 1 savings were reflected in agencies' ongoing budget allocations. That is, these savings are now reflected in the base allocation of all relevant agencies. On this basis, there is considered to be no ongoing need to specifically highlight and report Economic Audit Stage 1 savings measures. Having rolled out these savings measures, the Department of Treasury and Finance's focus is ensuring that agencies operate within their overall approved financial parameters.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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