Legislative Assembly for the ACT: 2014 Week 5 Hansard (13 May) . . Page.. 1401..
was $3,158.8 million. This is $72.8 million higher than the March year-to-date budget of $3,086.1 million.
Major variations in total revenue include higher than expected commonwealth grants revenue of $27.7 million, mainly due to the timing of payments; higher than expected taxation revenue of $12.8 million, contributed to by a range of taxes; gains from contributed assets of $10.4 million, associated with the timing of acceptance of contributed assets from developers; and higher than expected revenues of $9.6 million, mainly due to larger than expected contaminated waste revenue and health-related grants.
Total expenses for the quarter to 31 March 2014 were $3,395.3 million. This is $58.2 million lower than the March year-to-date budget of $3,453.5 million. Major variances in expenses include lower than anticipated operating expenses of $31.1 million, mainly due to the timing of the biannual actuarial review of insurance claims; and lower than expected grant expenses of $22.7 million, associated with the timing of payments for education and health-related grants.
The general government sector balance sheet remained strong as demonstrated by key indicators such as net worth and net financial liabilities.
I commend the March 2014 quarterly report to the Assembly.
Mr Corbell presented the following paper:
Legislation Act, pursuant to section 64—Duties Act—Duties (Commercial Lease with Premium) Determination 2014 (No. 1)—Disallowable Instrument DI2014-49 (LR, 17 April 2014), together with its explanatory statement.
Economy—employment and investment
Discussion of matter of public importance
MADAM ASSISTANT SPEAKER (Ms Lawder): Madam Speaker has received letters from Ms Berry, Dr Bourke, Mr Coe, Mr Gentleman, Ms Lawder, Ms Porter and Mr Wall proposing that matters of public importance be submitted to the Assembly. In accordance with standing order 79, Madam Speaker has determined that the matter proposed by Ms Porter be submitted to the Assembly, namely:
The importance to ACT job generation and economic activity of infrastructure investment and transformational projects.
MS PORTER (Ginninderra) (3.55): I am very pleased to speak to this matter today. The government has demonstrated its ability to provide proactive policies and responsible budgeting to support jobs. As you know, Madam Assistant Speaker, the ACT's economic fundamentals remain sound and we continue to perform well. However, there are challenges emerging now and there are likely to be more. These
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