Page 4380 - Week 13 - Thursday, 11 December 2014
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(2) The establishment of an ACT EUA program would require a budget bid for approximately $500,000 to employ a SOG C Officer for three years with some project funding included. A substantial period of this time would be spent in coordinating amendments to new legislation, program development and recruitment of potential buildings.
Budget—deficit
Mr Barr (in reply to a question and supplementary questions by Mr Smyth and Ms Lawder on Wednesday, 26 November 2014): Net Debt is calculated as the sum of deposits held, advances received and borrowings, less the sum of cash and deposits, advances paid, investments, loans and placements with superannuation investments added back.
The deposits held, advances received and borrowings variance is $59 million comprising:
- an increase in deposits held (these being Public Trading Enterprise investment deposits with the Territory Banking Account) of $28 million reflecting the underlying agency investment and liquidity requirements; and
- an increase in borrowings of $31 million due in the main to the overdraft position of an agency transactional banking account which is used to temporarily fund payments relating to the Territory’s Infrastructure Program.
The cash and deposits, advances paid, investments, loans and placements (excluding superannuation investments) variance of minus $155 million reflects lower cash at bank and lower general government investment holdings resulting from underlying transactional cash flow activity during the quarter.
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