Overview of additional appropriations

The Department of Infrastructure and Regional Development (the Department) is seeking additional appropriations of $750.0 million through ACT Government Loan Bill 2014. The additional appropriation is for the provision of a concessional loan to the Australian Capital Territory (ACT) government for the purposes of undertaking its loosefill asbestos remediation programme.

The Portfolio Supplementary Estimates Statements are focused on explaining the supplementary estimates appropriations. Information on 2014–15 Budget resourcing, including a full set of agency budgeted financial statements, can be found in the 2014–15 Portfolio Budget Statements accompanying the 2014–15 annual appropriation bills. A full set of revised budgeted financial statements for the Department will be provided in the 2014–15 Portfolio Additional Estimates Statements in early 2015.

Agency measures table

Table 1.1 summarises new Government measures taken since the 2014–15 Budget in ACT Government Loan Bill 2014. The table shows expense and revenue measures, with the affected programme identified.

Table 1.1: Agency 2014–15 Supplementary Estimates measures

  Programme 2014–15
$'000
2015–16
$'000
2016–17
$'000
2017–18
$'000
Expense measures  
Concessional loan to the Australian Capital Territory Government - loose fill asbestos1 4.1  
Administered expenses 21,087 6,502 - -
Departmental expenses - - - -
Total 21,087 6,502 - -
Total expense measures          
Administered 21,087 6,502 - -
Departmental - - - -
Total 21,087 6,502 - -
Revenue measures  
Concessional loan to the Australian Capital Territory Government - loose fill asbestos2 4.1  
Administered revenues 15,328 41,395 41,581 36,463
Departmental revenues - - - -
Total 15,328 41,395 41,581 36,463
Total revenue measures          
Administered 15,328 41,395 41,581 36,463
Departmental - - - -
Total 15,328 41,395 41,581 36,463

Prepared on a Government Financial Statistics (fiscal) basis.

Notes:

  1. The expense measure is the fiscal impact of the concession being provided through the loan, being accounted for on the drawdown of the loan in 2014–15 and 2015–16. The unwinding of the expense is made over the life of the loan.
  2. The revenue measure relates to the interest on the loan.

Additional estimates and variations

Table 1.2 details the supplementary estimates and variations resulting from new measures since the 2014–15 Budget in ACT Government Loan Bill 2014.

Table 1.2: Variations to appropriations

  Programme impacted 2014–15
$'000
2015–16
$'000
2016–17
$'000
2017–18
$'000
ACT Government Loan Bill 2014  
Administered assets and liabilities  
New measures  
Concessional loan to the Australian Capital Territory Government - loose fill asbestos 4.1 750,000 250,000 - -
Total Administered assets and liabilities 750,000 250,000 - -

Breakdown of additional estimates by appropriation bill

The following table details the Supplementary Estimates sought for the Department through ACT Government Loan Bill 2014.

Table 1.3: ACT Government Loan Bill 2014

  Total
available
appropriations
2013–141
$'000
Budget
estimates

2014–15
$'000
Revised
estimates

2014–15
$'000
Supplementary
estimates

2014–15
$'000
Non-operating  
Equity injections 23,416 - - -
Administered assets and liabilities 54,092 36,400 786,400 750,000
Total non-operating 77,508 36,400 786,400 750,000

Notes:

  1. The 2013–14 available appropriation is included to allow a comparison of this year's appropriation with what was made available for use in the previous year. Available appropriation is the amount available to be drawn down, and is equal to: Budget Appropriation + Additional Estimates Appropriation + AFM - Savings - Movement of Funds - Other Reductions +/- Section 32 transfers.

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