❓ Hon ED DERMER asks about the WA government's expenditure to fulfill its Royalties for Regions commitment to the National Party. Hon BARRY HOUSE defers to upcoming financial statements for specific figures, providing indicative estimates based on previous projections.
AnsweredQoN 35Legislative Council
Asked
11 November 2008
Member
Portfolio
parliamentary secretary representing the Treasurer
QuestionView source ↗
ROYALTIES FOR REGIONS — GOVERNMENT EXPENDITURE 35. Hon ED DERMER to the parliamentary secretary representing the Treasurer: (1) What is the Treasurer’s best available estimate of the total Western Australian government expenditure required to fulfil the WA government’s royalties for regions commitment to the National Party for the period from 1 July 2007 to 30 June 2013? (2) What are the Treasurer’s best available estimates of the total WA government expenditure required to fulfil the WA government’s royalties for regions commitment to the National Party in each of the 2008-09, 2009-10, 2010-11, 2011-12 and 2012-13 financial years? Hon BARRY HOUSE
AnswerView source ↗
I thank the member for some notice of this question. (1)-(2) The latest forecasts of mining royalty revenue, together with details of the government’s commitment to the royalties for regions scheme, will be fully disclosed in the 2008-09 Government Mid-year Financial Projections Statement , which is required to be released by 31 December 2008. As a guide, however, the most recent forecasts of mining royalty revenue were published in the “Pre-election Financial Projections Statement”, which was released on 16 August 2008. The PFPS estimates of royalty income are as follows: 2008-09, $2 715 million; 2009-10, $2 965 million; 2010-11, $2 936 million; and 2011-12, $2 604 million. No estimate is currently available for 2012-13. On the basis of these “Pre-election Financial Projections Statement” estimates, and assuming a half-year impact in 2008-09, 25 per cent of estimated royalty income over the forward estimates period equates to $2 466 million. However, this figure is indicative only, and updated estimates and details of the royalties for regions scheme will be available in next month’s midyear review.
ROYALTIES FOR REGIONS — GOVERNMENT EXPENDITURE
(1) What is the Treasurer’s best available estimate of the total Western Australian government expenditure required to fulfil the WA government’s royalties for regions commitment to the National Party for the period from 1 July 2007 to 30 June 2013? (2) What are the Treasurer’s best available estimates of the total WA government expenditure required to fulfil the WA government’s royalties for regions commitment to the National Party in each of the 2008-09, 2009-10, 2010-11, 2011-12 and 2012-13 financial years? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1)-(2) The latest forecasts of mining royalty revenue, together with details of the government’s commitment to the royalties for regions scheme, will be fully disclosed in the 2008-09 Government Mid-year Financial Projections Statement , which is required to be released by 31 December 2008. As a guide, however, the most recent forecasts of mining royalty revenue were published in the “Pre-election Financial Projections Statement”, which was released on 16 August 2008. The PFPS estimates of royalty income are as follows: 2008-09, $2 715 million; 2009-10, $2 965 million; 2010-11, $2 936 million; and 2011-12, $2 604 million. No estimate is currently available for 2012-13. On the basis of these “Pre-election Financial Projections Statement” estimates, and assuming a half-year impact in 2008-09, 25 per cent of estimated royalty income over the forward estimates period equates to $2 466 million. However, this figure is indicative only, and updated estimates and details of the royalties for regions scheme will be available in next month’s midyear review.
(2) What are the Treasurer’s best available estimates of the total WA government expenditure required to fulfil the WA government’s royalties for regions commitment to the National Party in each of the 2008-09, 2009-10, 2010-11, 2011-12 and 2012-13 financial years? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1)-(2) The latest forecasts of mining royalty revenue, together with details of the government’s commitment to the royalties for regions scheme, will be fully disclosed in the 2008-09 Government Mid-year Financial Projections Statement , which is required to be released by 31 December 2008. As a guide, however, the most recent forecasts of mining royalty revenue were published in the “Pre-election Financial Projections Statement”, which was released on 16 August 2008. The PFPS estimates of royalty income are as follows: 2008-09, $2 715 million; 2009-10, $2 965 million; 2010-11, $2 936 million; and 2011-12, $2 604 million. No estimate is currently available for 2012-13. On the basis of these “Pre-election Financial Projections Statement” estimates, and assuming a half-year impact in 2008-09, 25 per cent of estimated royalty income over the forward estimates period equates to $2 466 million. However, this figure is indicative only, and updated estimates and details of the royalties for regions scheme will be available in next month’s midyear review.
Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1)-(2) The latest forecasts of mining royalty revenue, together with details of the government’s commitment to the royalties for regions scheme, will be fully disclosed in the 2008-09 Government Mid-year Financial Projections Statement , which is required to be released by 31 December 2008. As a guide, however, the most recent forecasts of mining royalty revenue were published in the “Pre-election Financial Projections Statement”, which was released on 16 August 2008. The PFPS estimates of royalty income are as follows: 2008-09, $2 715 million; 2009-10, $2 965 million; 2010-11, $2 936 million; and 2011-12, $2 604 million. No estimate is currently available for 2012-13. On the basis of these “Pre-election Financial Projections Statement” estimates, and assuming a half-year impact in 2008-09, 25 per cent of estimated royalty income over the forward estimates period equates to $2 466 million. However, this figure is indicative only, and updated estimates and details of the royalties for regions scheme will be available in next month’s midyear review.
I thank the member for some notice of this question. (1)-(2) The latest forecasts of mining royalty revenue, together with details of the government’s commitment to the royalties for regions scheme, will be fully disclosed in the 2008-09 Government Mid-year Financial Projections Statement , which is required to be released by 31 December 2008. As a guide, however, the most recent forecasts of mining royalty revenue were published in the “Pre-election Financial Projections Statement”, which was released on 16 August 2008. The PFPS estimates of royalty income are as follows: 2008-09, $2 715 million; 2009-10, $2 965 million; 2010-11, $2 936 million; and 2011-12, $2 604 million. No estimate is currently available for 2012-13. On the basis of these “Pre-election Financial Projections Statement” estimates, and assuming a half-year impact in 2008-09, 25 per cent of estimated royalty income over the forward estimates period equates to $2 466 million. However, this figure is indicative only, and updated estimates and details of the royalties for regions scheme will be available in next month’s midyear review.
(1)-(2) The latest forecasts of mining royalty revenue, together with details of the government’s commitment to the royalties for regions scheme, will be fully disclosed in the 2008-09 Government Mid-year Financial Projections Statement , which is required to be released by 31 December 2008. As a guide, however, the most recent forecasts of mining royalty revenue were published in the “Pre-election Financial Projections Statement”, which was released on 16 August 2008. The PFPS estimates of royalty income are as follows: 2008-09, $2 715 million; 2009-10, $2 965 million; 2010-11, $2 936 million; and 2011-12, $2 604 million. No estimate is currently available for 2012-13. On the basis of these “Pre-election Financial Projections Statement” estimates, and assuming a half-year impact in 2008-09, 25 per cent of estimated royalty income over the forward estimates period equates to $2 466 million. However, this figure is indicative only, and updated estimates and details of the royalties for regions scheme will be available in next month’s midyear review.
ROYALTIES FOR REGIONS — GOVERNMENT EXPENDITURE
(1) What is the Treasurer’s best available estimate of the total Western Australian government expenditure required to fulfil the WA government’s royalties for regions commitment to the National Party for the period from 1 July 2007 to 30 June 2013? (2) What are the Treasurer’s best available estimates of the total WA government expenditure required to fulfil the WA government’s royalties for regions commitment to the National Party in each of the 2008-09, 2009-10, 2010-11, 2011-12 and 2012-13 financial years? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1)-(2) The latest forecasts of mining royalty revenue, together with details of the government’s commitment to the royalties for regions scheme, will be fully disclosed in the 2008-09 Government Mid-year Financial Projections Statement , which is required to be released by 31 December 2008. As a guide, however, the most recent forecasts of mining royalty revenue were published in the “Pre-election Financial Projections Statement”, which was released on 16 August 2008. The PFPS estimates of royalty income are as follows: 2008-09, $2 715 million; 2009-10, $2 965 million; 2010-11, $2 936 million; and 2011-12, $2 604 million. No estimate is currently available for 2012-13. On the basis of these “Pre-election Financial Projections Statement” estimates, and assuming a half-year impact in 2008-09, 25 per cent of estimated royalty income over the forward estimates period equates to $2 466 million. However, this figure is indicative only, and updated estimates and details of the royalties for regions scheme will be available in next month’s midyear review.
(2) What are the Treasurer’s best available estimates of the total WA government expenditure required to fulfil the WA government’s royalties for regions commitment to the National Party in each of the 2008-09, 2009-10, 2010-11, 2011-12 and 2012-13 financial years? Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1)-(2) The latest forecasts of mining royalty revenue, together with details of the government’s commitment to the royalties for regions scheme, will be fully disclosed in the 2008-09 Government Mid-year Financial Projections Statement , which is required to be released by 31 December 2008. As a guide, however, the most recent forecasts of mining royalty revenue were published in the “Pre-election Financial Projections Statement”, which was released on 16 August 2008. The PFPS estimates of royalty income are as follows: 2008-09, $2 715 million; 2009-10, $2 965 million; 2010-11, $2 936 million; and 2011-12, $2 604 million. No estimate is currently available for 2012-13. On the basis of these “Pre-election Financial Projections Statement” estimates, and assuming a half-year impact in 2008-09, 25 per cent of estimated royalty income over the forward estimates period equates to $2 466 million. However, this figure is indicative only, and updated estimates and details of the royalties for regions scheme will be available in next month’s midyear review.
Hon BARRY HOUSE replied: I thank the member for some notice of this question. (1)-(2) The latest forecasts of mining royalty revenue, together with details of the government’s commitment to the royalties for regions scheme, will be fully disclosed in the 2008-09 Government Mid-year Financial Projections Statement , which is required to be released by 31 December 2008. As a guide, however, the most recent forecasts of mining royalty revenue were published in the “Pre-election Financial Projections Statement”, which was released on 16 August 2008. The PFPS estimates of royalty income are as follows: 2008-09, $2 715 million; 2009-10, $2 965 million; 2010-11, $2 936 million; and 2011-12, $2 604 million. No estimate is currently available for 2012-13. On the basis of these “Pre-election Financial Projections Statement” estimates, and assuming a half-year impact in 2008-09, 25 per cent of estimated royalty income over the forward estimates period equates to $2 466 million. However, this figure is indicative only, and updated estimates and details of the royalties for regions scheme will be available in next month’s midyear review.
I thank the member for some notice of this question. (1)-(2) The latest forecasts of mining royalty revenue, together with details of the government’s commitment to the royalties for regions scheme, will be fully disclosed in the 2008-09 Government Mid-year Financial Projections Statement , which is required to be released by 31 December 2008. As a guide, however, the most recent forecasts of mining royalty revenue were published in the “Pre-election Financial Projections Statement”, which was released on 16 August 2008. The PFPS estimates of royalty income are as follows: 2008-09, $2 715 million; 2009-10, $2 965 million; 2010-11, $2 936 million; and 2011-12, $2 604 million. No estimate is currently available for 2012-13. On the basis of these “Pre-election Financial Projections Statement” estimates, and assuming a half-year impact in 2008-09, 25 per cent of estimated royalty income over the forward estimates period equates to $2 466 million. However, this figure is indicative only, and updated estimates and details of the royalties for regions scheme will be available in next month’s midyear review.
(1)-(2) The latest forecasts of mining royalty revenue, together with details of the government’s commitment to the royalties for regions scheme, will be fully disclosed in the 2008-09 Government Mid-year Financial Projections Statement , which is required to be released by 31 December 2008. As a guide, however, the most recent forecasts of mining royalty revenue were published in the “Pre-election Financial Projections Statement”, which was released on 16 August 2008. The PFPS estimates of royalty income are as follows: 2008-09, $2 715 million; 2009-10, $2 965 million; 2010-11, $2 936 million; and 2011-12, $2 604 million. No estimate is currently available for 2012-13. On the basis of these “Pre-election Financial Projections Statement” estimates, and assuming a half-year impact in 2008-09, 25 per cent of estimated royalty income over the forward estimates period equates to $2 466 million. However, this figure is indicative only, and updated estimates and details of the royalties for regions scheme will be available in next month’s midyear review.
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