Page 1447 - Week 05 - Thursday, 12 May 1994
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Thursday, 12 May 1994
_____________________
MADAM SPEAKER (Ms McRae) took the chair at 10.30 am and read the prayer.
SUPPLY BILL 1994-95
MS FOLLETT (Chief Minister and Treasurer) (10.30): I present the Supply Bill 1994-95.
Title read by Clerk.
MS FOLLETT: Madam Speaker, I move:
That this Bill be agreed to in principle.
This Bill is to authorise expenditure from the Consolidated Revenue Fund after 1 July 1994. It is an interim Bill which will lapse upon the enactment of the Appropriation Bill 1994-95 which will be introduced into this Assembly with the 1994-95 budget for the ACT. The Bill authorises an amount of $515,595,800 to be issued by the Treasurer from the Consolidated Fund. This amount will be issued for the programs specified in the Schedule to cover payments necessary for the continuing operation of government services.
The amounts for each program provide for expenditure for the interim period between the commencement of the financial year and the passing of the Appropriation Bill. The amount provided is less than that of previous years due to the earlier budget presentation. The appropriations represent amounts expected to be paid out during the supply period. However, as this is the first time we will introduce a budget in June, some three months earlier than in the past, we have included additional funds in the Bill as a contingency. It is unlikely that the full amount provided in the Supply Bill will be required if the current budget timetable is met and, therefore, the full benefit of an earlier budget cycle achieved.
Additional allowances have been made for full year Comcare premiums payable during supply; half of the full year estimate for the Treasurer's Advance to meet circumstances unforeseen at the time of preparing the Supply Bill; capital works expenditure which is skewed towards the first half of the financial year; and non-government grants which are paid in instalments. No provision has been made for policy changes, as is the usual practice. Policy and other changes in budgetary arrangements will be addressed in the formulation of the budget for 1994-95 and will be presented to the Assembly in that context.
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