Hon George Cash asks about the expenditure of funds authorised by the Loan Act 1993. Hon Nick Griffiths provides a schedule detailing the expenditure and unspent amounts, noting $183 million remains unspent from the Loan Act 1993 for public purposes and a further $13 million from the Loan Act 1992.

AnsweredQoN 443Legislative Council
Asked
22 June 2004
Portfolio
minister representing the Treasurer

QuestionView source ↗

Will the minister provide a schedule showing the actual annual expenditure of the amount authorised by the Loan Act 1993, the amount unspent as at 30 June 2003 and 1 June 2004, and the anticipated unspent amount as at 30 June 2004? Hon NICK GRIFFITHS

AnswerView source ↗

I thank the member for some notice of this question. The Loan Act 1993 authorised the borrowing of $183 million for public purposes. A special purpose Loan Act in the same year authorised borrowing of $95 million for the redemption of maturing Financial Agreement Act debt. I seek leave to have the schedule showing the annual expenditure against these Loan Acts incorporated in Hansard . Leave granted. The following material was incorporated - The annual expenditure against these Loan Acts has been: Public Purposes Financial Agreement Debt Redemption 1993/94 $0 $24,146,000 1994/95 $0 $70,854,000 1995/96 $0 $0 1996/97 $0 $0 1997/98 $0 $0 1998/99 $0 $0 1999/2000 $0 $0 2000/01 $0 $0 2001/02 $0 $0 2002/03 $0 $0 Unspent as at 30 June 2003 $183,000,000 $0 Estimated Expenditure 2003/04 $0 $0 Anticipated amount unspent as At 30 June 2004-06-22 $183,000,000 $0 Note: A further $13,000,000 remains unspent from the Loan Act 1992, providing a total unspent Loan Act authorisation of $196,000,000.
Hon NICK GRIFFITHS replied: I thank the member for some notice of this question. The Loan Act 1993 authorised the borrowing of $183 million for public purposes. A special purpose Loan Act in the same year authorised borrowing of $95 million for the redemption of maturing Financial Agreement Act debt. I seek leave to have the schedule showing the annual expenditure against these Loan Acts incorporated in Hansard . Leave granted. The following material was incorporated - The annual expenditure against these Loan Acts has been: Public Purposes Financial Agreement Debt Redemption 1993/94 $0 $24,146,000 1994/95 $0 $70,854,000 1995/96 $0 $0 1996/97 $0 $0 1997/98 $0 $0 1998/99 $0 $0 1999/2000 $0 $0 2000/01 $0 $0 2001/02 $0 $0 2002/03 $0 $0 Unspent as at 30 June 2003 $183,000,000 $0 Estimated Expenditure 2003/04 $0 $0 Anticipated amount unspent as At 30 June 2004-06-22 $183,000,000 $0 Note: A further $13,000,000 remains unspent from the Loan Act 1992, providing a total unspent Loan Act authorisation of $196,000,000.
I thank the member for some notice of this question. The Loan Act 1993 authorised the borrowing of $183 million for public purposes. A special purpose Loan Act in the same year authorised borrowing of $95 million for the redemption of maturing Financial Agreement Act debt. I seek leave to have the schedule showing the annual expenditure against these Loan Acts incorporated in Hansard . Leave granted. The following material was incorporated - The annual expenditure against these Loan Acts has been: Public Purposes Financial Agreement Debt Redemption 1993/94 $0 $24,146,000 1994/95 $0 $70,854,000 1995/96 $0 $0 1996/97 $0 $0 1997/98 $0 $0 1998/99 $0 $0 1999/2000 $0 $0 2000/01 $0 $0 2001/02 $0 $0 2002/03 $0 $0 Unspent as at 30 June 2003 $183,000,000 $0 Estimated Expenditure 2003/04 $0 $0 Anticipated amount unspent as At 30 June 2004-06-22 $183,000,000 $0 Note: A further $13,000,000 remains unspent from the Loan Act 1992, providing a total unspent Loan Act authorisation of $196,000,000.
The Loan Act 1993 authorised the borrowing of $183 million for public purposes. A special purpose Loan Act in the same year authorised borrowing of $95 million for the redemption of maturing Financial Agreement Act debt. I seek leave to have the schedule showing the annual expenditure against these Loan Acts incorporated in Hansard . Leave granted. The following material was incorporated - The annual expenditure against these Loan Acts has been: Public Purposes Financial Agreement Debt Redemption 1993/94 $0 $24,146,000 1994/95 $0 $70,854,000 1995/96 $0 $0 1996/97 $0 $0 1997/98 $0 $0 1998/99 $0 $0 1999/2000 $0 $0 2000/01 $0 $0 2001/02 $0 $0 2002/03 $0 $0 Unspent as at 30 June 2003 $183,000,000 $0 Estimated Expenditure 2003/04 $0 $0 Anticipated amount unspent as At 30 June 2004-06-22 $183,000,000 $0 Note: A further $13,000,000 remains unspent from the Loan Act 1992, providing a total unspent Loan Act authorisation of $196,000,000.
Leave granted. The following material was incorporated - The annual expenditure against these Loan Acts has been: Public Purposes Financial Agreement Debt Redemption 1993/94 $0 $24,146,000 1994/95 $0 $70,854,000 1995/96 $0 $0 1996/97 $0 $0 1997/98 $0 $0 1998/99 $0 $0 1999/2000 $0 $0 2000/01 $0 $0 2001/02 $0 $0 2002/03 $0 $0 Unspent as at 30 June 2003 $183,000,000 $0 Estimated Expenditure 2003/04 $0 $0 Anticipated amount unspent as At 30 June 2004-06-22 $183,000,000 $0 Note: A further $13,000,000 remains unspent from the Loan Act 1992, providing a total unspent Loan Act authorisation of $196,000,000.
The following material was incorporated - The annual expenditure against these Loan Acts has been: Public Purposes Financial Agreement Debt Redemption 1993/94 $0 $24,146,000 1994/95 $0 $70,854,000 1995/96 $0 $0 1996/97 $0 $0 1997/98 $0 $0 1998/99 $0 $0 1999/2000 $0 $0 2000/01 $0 $0 2001/02 $0 $0 2002/03 $0 $0 Unspent as at 30 June 2003 $183,000,000 $0 Estimated Expenditure 2003/04 $0 $0 Anticipated amount unspent as At 30 June 2004-06-22 $183,000,000 $0 Note: A further $13,000,000 remains unspent from the Loan Act 1992, providing a total unspent Loan Act authorisation of $196,000,000.
The annual expenditure against these Loan Acts has been: Public Purposes Financial Agreement Debt Redemption 1993/94 $0 $24,146,000 1994/95 $0 $70,854,000 1995/96 $0 $0 1996/97 $0 $0 1997/98 $0 $0 1998/99 $0 $0 1999/2000 $0 $0 2000/01 $0 $0 2001/02 $0 $0 2002/03 $0 $0 Unspent as at 30 June 2003 $183,000,000 $0 Estimated Expenditure 2003/04 $0 $0 Anticipated amount unspent as At 30 June 2004-06-22 $183,000,000 $0 Note: A further $13,000,000 remains unspent from the Loan Act 1992, providing a total unspent Loan Act authorisation of $196,000,000.
The annual expenditure against these Loan Acts has been: Public Purposes Financial Agreement Debt Redemption 1993/94 $0 $24,146,000 1994/95 $0 $70,854,000 1995/96 $0 $0 1996/97 $0 $0 1997/98 $0 $0 1998/99 $0 $0 1999/2000 $0 $0 2000/01 $0 $0 2001/02 $0 $0 2002/03 $0 $0 Unspent as at 30 June 2003 $183,000,000 $0 Estimated Expenditure 2003/04 $0 $0 Anticipated amount unspent as At 30 June 2004-06-22 $183,000,000 $0 Note: A further $13,000,000 remains unspent from the Loan Act 1992, providing a total unspent Loan Act authorisation of $196,000,000.
Public Purposes Financial Agreement Debt Redemption 1993/94 $0 $24,146,000 1994/95 $0 $70,854,000 1995/96 $0 $0 1996/97 $0 $0 1997/98 $0 $0 1998/99 $0 $0 1999/2000 $0 $0 2000/01 $0 $0 2001/02 $0 $0 2002/03 $0 $0 Unspent as at 30 June 2003 $183,000,000 $0 Estimated Expenditure 2003/04 $0 $0 Anticipated amount unspent as At 30 June 2004-06-22 $183,000,000 $0 Note: A further $13,000,000 remains unspent from the Loan Act 1992, providing a total unspent Loan Act authorisation of $196,000,000.
1993/94 $0 $24,146,000 1994/95 $0 $70,854,000 1995/96 $0 $0 1996/97 $0 $0 1997/98 $0 $0 1998/99 $0 $0 1999/2000 $0 $0 2000/01 $0 $0 2001/02 $0 $0 2002/03 $0 $0 Unspent as at 30 June 2003 $183,000,000 $0 Estimated Expenditure 2003/04 $0 $0 Anticipated amount unspent as At 30 June 2004-06-22 $183,000,000 $0 Note: A further $13,000,000 remains unspent from the Loan Act 1992, providing a total unspent Loan Act authorisation of $196,000,000.

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