❓ Question regarding additional government expenditure for the Esperance Port Authority upgrade, its financial impact, and commitment to world-class facilities. The government confirms commitment and details funding breakdown, expenditure timeline, and impact on state debt.
AnsweredQoN 550Legislative Council
QuestionView source ↗
ESPERANCE PORT UPGRADE
I refer to the admission by the government that the decision to fund the upgrade of the Esperance port was taken after the budget cut-off date. (1) What is the total amount of additional expenditure approved by the government for the Esperance Port Authority? (2) In which financial years will the funds be expended? (3) Is the government sill committed to implementing world-class facilities at the Esperance port? (4) In what form will the expenditure occur; that is, is it an asset investment, a community service obligation or a payment to the port, or is it internally funded by either the Esperance Port Authority or by some other means? (5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE
I refer to the admission by the government that the decision to fund the upgrade of the Esperance port was taken after the budget cut-off date. (1) What is the total amount of additional expenditure approved by the government for the Esperance Port Authority? (2) In which financial years will the funds be expended? (3) Is the government sill committed to implementing world-class facilities at the Esperance port? (4) In what form will the expenditure occur; that is, is it an asset investment, a community service obligation or a payment to the port, or is it internally funded by either the Esperance Port Authority or by some other means? (5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE
AnswerView source ↗
I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(1) What is the total amount of additional expenditure approved by the government for the Esperance Port Authority? (2) In which financial years will the funds be expended? (3) Is the government sill committed to implementing world-class facilities at the Esperance port? (4) In what form will the expenditure occur; that is, is it an asset investment, a community service obligation or a payment to the port, or is it internally funded by either the Esperance Port Authority or by some other means? (5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(2) In which financial years will the funds be expended? (3) Is the government sill committed to implementing world-class facilities at the Esperance port? (4) In what form will the expenditure occur; that is, is it an asset investment, a community service obligation or a payment to the port, or is it internally funded by either the Esperance Port Authority or by some other means? (5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(3) Is the government sill committed to implementing world-class facilities at the Esperance port? (4) In what form will the expenditure occur; that is, is it an asset investment, a community service obligation or a payment to the port, or is it internally funded by either the Esperance Port Authority or by some other means? (5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(4) In what form will the expenditure occur; that is, is it an asset investment, a community service obligation or a payment to the port, or is it internally funded by either the Esperance Port Authority or by some other means? (5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(b) the net operating surplus and deficit of government?
I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(1) What is the total amount of additional expenditure approved by the government for the Esperance Port Authority? (2) In which financial years will the funds be expended? (3) Is the government sill committed to implementing world-class facilities at the Esperance port? (4) In what form will the expenditure occur; that is, is it an asset investment, a community service obligation or a payment to the port, or is it internally funded by either the Esperance Port Authority or by some other means? (5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(2) In which financial years will the funds be expended? (3) Is the government sill committed to implementing world-class facilities at the Esperance port? (4) In what form will the expenditure occur; that is, is it an asset investment, a community service obligation or a payment to the port, or is it internally funded by either the Esperance Port Authority or by some other means? (5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(3) Is the government sill committed to implementing world-class facilities at the Esperance port? (4) In what form will the expenditure occur; that is, is it an asset investment, a community service obligation or a payment to the port, or is it internally funded by either the Esperance Port Authority or by some other means? (5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(4) In what form will the expenditure occur; that is, is it an asset investment, a community service obligation or a payment to the port, or is it internally funded by either the Esperance Port Authority or by some other means? (5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(5) What impact will this decision have on — (a) state debt; and (b) the net operating surplus and deficit of government? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(b) the net operating surplus and deficit of government?
I thank the member for some notice of this question. (1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(1) The 2009-10 budget includes $6 million to meet the cost of the most urgent requirements to upgrade the facilities at the port. A further $32 million was allocated after the budget cut-off date, which was 16 April 2009, to meet the further requirements. (2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(2) In 2008-09, $32.2 million will be expended and in 2009-10, $5.8 million will be expended. (3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(3) Yes. (4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(4) It is an asset investment and is funded by borrowings. (5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
(5) (a) A $32 million increase in net debt relative to the 2009-10 budget forward estimates. (b) It will have no direct impact on the net operating balance, although there may be minor consequential impacts on dividend and tax-equivalent payments.
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