strategy and outlook - dtf.vic.gov.au

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1、StrategyandOutlook200607PresentedbyTheHonourableJohnBrumby,M.P.TreasureroftheStateofVictoriafortheinformationofHonourableMembersBudgetPaperNo.2TABLEOFCONTENTSChapter1–FinancialPolicyObjectivesandStrategy1Financialstrategy,objectivesandpriorities2Objectiveone:operatingsurplus4Objectivetwo:infrastruc

2、ture6Objectivethree:servicedelivery10Objectivefour:taxation13Objectivefive:netfinancialliabilities16Chapter2–EconomicConditionsandOutlook19Victorianeconomicprojections19Economicoverview20Chapter3–BudgetPositionandOutlook33Budgetestimatesandoutlook33Fiscaloverview39Servicedelivery43Sourcesofrevenue47

3、Useofcashresources48Chapter4–BalanceSheetManagementandOutlook51Balancesheet52Totalassets55Totalliabilities62Financialanalysis66Chapter5–Commonwealth-StateFinancialRelations73Potentialgainsfromcooperativefederalism73HowGSTfundsaredistributed75ReformofhowGSTrevenueissharedbetweenthestates77Reviewofsta

4、tetaxesundertheintergovernmentalagreement80ImpactofgrantsonVictoria’sfinancialposition81Chapter6–StatementofRisks85Economicrisks85Fiscalrisks91Contingentassetsandliabilities95Chapter7–Productivity,ParticipationandtheReformAgenda109Meetingthechallengestoeconomicgrowth109Areformblueprint111Conclusion1

5、19StyleConventions121Index123iiCHAPTER1–FINANCIALPOLICYOBJECTIVESANDSTRATEGY·TheGovernmentwillmeetits$100 millionbudgetsurplustarget,ensuringthatbusinessesandfamiliesinVictoriahaveastablefinancialenvironmentinwhichtoinvestandplanfortheirfuture.Thetargetwillbeachievedwithasurplusof$317 millionin2006

6、07andaveraging$316 millionovertheforwardestimatesperiod.·TheGovernmentishelpingcreategreatercapacityforeconomicgrowththroughsignificantinvestmentsininfrastructureprojects.Thisbudgetprovidesnewassetinvestmentfundingwithtotalestimatedinvestmentof$3.6 billion.Inadditiontothe$1.3 billionannouncedinthe20

7、05-06BudgetUpdate,thisbringstotal2006–07TEIto$4.9billion.Overthenextfouryears,generalgovernmentrealcapitalstockwillgrowby11.0 percent;morethandoubletheexpectedrateofpopulationgrowth.·TheGovernmentcont