commission on fiscal imbalance 合集

Table 8 provides the only estimates currently

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ucted the unquarantined HCGs of Column (6) to yield the estimates for the distribution of the GST revenue to the States. Table 7 provides details of total payments to the States and Local Government. A high proportion of Specific Purpose Payments are paid “To” the States, that is, they are provided to finance State expenditures on specific goods and services Other specific purpose payments are channelled “Through” the States to Local Government or are paid directly to Local Government. 120 Commission on Fiscal Imbalance TABLE 7 ESTIMATED GST REVENUE PROVISION AND COMMONWEALTH PAYMENTS TO THE STATE/LOCAL SECTOR, 2001-02 (in million of dollars) NSW Vic Qld WA SA Tas ACT NT Total 8,317.0 5,813.7 5,198.3 2,642.6 2,541.1 1,087.4 544.3 1,335.6 27,480.0 1,084.1 580.6 213.0 181.0 225.7 75.7 39.4 44.2 2,443.6 241.0 n.a. 178.5 n.a. 134.6 n.a. 70.7 n.a. 55.4 n.a. 17.3 n.a. 11.5 14.2 7.4 n.a. 716.3 14.2 1,325.1 759.1 347.7 251.7 281.1 93.0 65.0 51.5 3,174.1 “To” the States “Through” the States Direct to Local Government 4,917.0 1,689.0 123.0 3,472.3 1,463.3 115.2 2,762.9 790.1 77.4 1,694.1 521.5 58.6 1,225.0 339.8 30.8 391.4 106.2 14.4 242.0 101.4 5.0 369.0 56.2 5.3 15,154.8 5,067.5 492.8 TOTAL SPP 6,729.0 5,050.8 3,630.4 2,274.3 1,595.6 512.0 348.3 430.5 20,652.0 16,371.1 11,623.6 9,176.3 5,168.6 4,417.7 1,692.4 957.8 1,817.7 51,306.2 GST Revenue to the States General Revenue Assistance Budget Balancing Assistance National Competition Policy Payments Special Revenue Assistance Total General Revenue Assistance SPECIFIC PURPOSE PAYMENTS Total Cwlth. Payments Source: Budget Paper No. 3, 2001-02, Table 2 All of the above tables provide estimates for the financial year 2001-02 but not for later years. Thus they provide no data for the years in which the GST is fully operational and the associated abolition of certain State taxes has been fully implemented. Table 8 provides the only estimates currently available of the longer term impact of the IGA on the States. 121 Commission on Fiscal Imbalance TABLE 8 ESTIMATED NET IMPACT OF THE INTERGOVERNMENTAL AGREEMENT ON THE REFORM OF COMMONWEALTH-STATE FINANCIAL RELATIONS (in million of dollars) NSW Vic Qld WA SA Tas ACT NT Total GST REVENUE LESS GUARANTEED MINIMUM AMOUNT 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 -1,051.0 -1,084.1 -807.8 -593.5 -350.4 -382.6 -161.7 -700.7 -580.6 -400.9 -269.5 -97.7 -174.9 -5.9 -489.1 -213.0 85.4 239.3 433.9 302.2 456.7 -227.0 -181.0 -111.7 -11.1 95.2 81.7 185.0 -280.2 -225.7 -163.2 -98.9 -22.8 -31.3 43.3 -104.0 -75.7 -68.0 -33.9 -6.8 -12.1 15.5 -47.9 -39.4 -21.6 -2.4 14.2 13.3 29.2 -57.6 -44.2 -59.6 -34.4 1.1 29.3 71.4 -2,957.5 -2,443.6 -1,547.4 -804.4 66.7 -174.4 633.5 2007-08 114.0 195.2 655.1 309.2 130.3 47.2 49.0 122.6 1,622.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 114.0 0.0 0.0 0.0 0.0 0.0 195.2 85.4 239.3 433.9 302.2 456.7 655.1 0.0 0.0 95.2 81.7 185.0 309.2 0.0 0.0 0.0 0.0 43.3 130.3 0.0 0.0 0.0 0.0 15.5 47.2 0.0 0.0 14.2 13.3 29.2 49.0 0.0 0.0 1.1 29.3 71.4 122.6 85.4 239.3 544.4 426.5 801.1 1,622.6 IMPACT POST GUARANTEE 2000-01 2001-02 (after loan repaym...
View Full Document

This note was uploaded on 03/06/2013 for the course ECON 220 taught by Professor Paulo during the Spring '13 term at University of Liverpool.

Ask a homework question - tutors are online