commission on fiscal imbalance 合集

Australia s australia tasmania act nt per capita

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Unformatted text preview: arrangements. These consisted mainly of an increase in Federal customs and excise duties on tobacco and alcohol, and an increase in the WST rate on alcoholic beverages. All revenue (less administrative costs) was returned to the States as RRPs. Interest Costs relate to the interest costs incurred by States as a result of the change from weekly payments of FAGs, RRPs and State taxes to monthly payments of GST revenue grants. WST Payments relate to payments totalling $338m., starting in 2000-01 and spread evenly over three years, in respect of revenue forgone from the abolition of the WST Tax Equivalent Regimes. Savings from Tax Reform refer to the reduced costs resulting from the removal of embedded WST and excises on purchases by State Governments. The Growth Dividend is claimed to accrue as a result of the impact upon State revenues of the increased growth attributable to the introduction of the GST package. It is the opinion of this author that calculations of this type are fraught with methodological 119 Commission on Fiscal Imbalance difficulty, and estimates of this type should accordingly be treated with the greatest caution. Was it a coincidence that in Federal Treasury calculations of the effects of the first full year of operation of the original package the State growth dividend exactly matched what would otherwise have been a net revenue loss for the States? Since the original IGA the Federal Government has introduced additional first home owners assistance, fully funded by a Commonwealth Specific Purpose Payment to the States. Table 6 presents estimates of the distribution to the States of the GST revenue, together with Health Care Grants (HCGs). TABLE 6 ESTIMATED DISTRIBUTION OF GST REVENUE, 2001-02 Projected population as at 31/12/2000 Total Weighted populations (1)*(2) Share of weighted population GST revenue/ HCGs pool distribution Unquar-antined Health Care Grants Total (5)-(6) '000 (1) NSW Victoria Queensland W. Australia S. Australia Tasmania ACT NT Per capita relativities (2) '000 (3) % (4) $M (5) $M (6) $M (7) 6,562,944 4,851,865 3,656,130 1,924,075 1,505,083 469,468 313,325 200,360 0.92032 0.87539 1.00269 0.97516 1.17941 1.50095 1.14633 4.02166 6,040,009 4,247,274 3,665,965 1,876,281 1,775,110 704,648 359,174 805,780 31.0 21.8 18.8 9.6 9.1 3.6 1.8 4.1 10,555.5 7,422.5 6,406.6 3,279.0 3,102.2 1,231.4 627.7 1,408.2 2,238.5 1,608.9 1,208.4 636.4 561.1 144.0 83.4 72.5 8,317.0 5,813.7 5,198.3 2,642.6 2,541.1 1,087.4 544.3 1,335.6 19,483,250 n.a. 19,474,240 100.0 34,033.1 6,553.1 27,480.0 Source: Budget Paper No. 3, 2001-02, Table 4. The per capita relativities of column (2) are derived from the Grants Commission’s relativities recommended in the 2001 update of the 1999 review (see Commonwealth Grants Commission, 1999:2 and 2001). These per capita relativities are applied to the population projections to yield the weighted populations of Column (3). The weighted populations are converted into percentage shares in Column (4). These percentages are applied to the total GST revenue plus Health Care Grants pool distribution to yield the figures in Column (5). From these are ded...
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