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Legislative Assembly for the ACT: 2011 Week 10 Hansard (22 September) . . Page.. 4420..


(4) The forecasts for general rates are not disaggregated between fixed component and variable component.

(5) Please refer to response to (4) above.

Finance—capital funding (Question No 1701)

Mr Seselja asked the Treasurer, upon notice, on 16 August 2011:

(1) What is the current approach taken by the ACT Treasury to raise capital funding.

(2) What portion of capital funding identified in the Budget for the years 2011-12 to 2014 -15 is funded by debt.

Mr Barr: The answer to the member's question is as follows:

(1) The general approach taken by ACT Treasury involves consideration of:

* the purpose or the use of the financing;

* the cost of capital, funding availability, underlying risks, and cash flow effects of alternative financing structures

* potential impact on key financial analysis ratios, the credit rating and overall budget capacity to service new borrowings; and

* analysis of prevailing outstanding debt and potential impact on the existing debt portfolio.

(2) The 2011 12 Budget anticipates new General Government Sector (GGS) borrowings for capital of $350 million in 2011-12 and a further $300 million in 2012-13. The total value of the Capital Works Program included in the 2011 12 Budget was $2.292 billion (including ICT and P&E). The portion of the program funded by debt is around 28 per cent.

Housing—first home buyers (Question No 1702)

Mr Seselja asked the Treasurer, upon notice, on 16 August 2011:

(1) How many first home buyer grants were paid in (a) 2009-10 and (b) 2010-11.

(2) What is the assumed number of grants to be paid in the years 2011-12 to 2014-15.

(3) Does Treasury collect data on the price of homes bought by first home buyers in the ACT; if so, what is the (a) median and (b) average price of dwellings bought by first home buyers in the ACT for the years (i) 2009-10 and (ii) 2010-11.

(4) If the information requested in part (3) is not available, what information on first home buyers is collected by Treasury.


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