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Budget Paper 1: Preliminary

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2000-01 BUDGET PAPER No. 1

BUDGET STRATEGY
AND OUTLOOK
2000-01

CIRCULATED BY
THE HONOURABLE PETER COSTELLO, M.P.,
TREASURER OF THE COMMONWEALTH OF AUSTRALIA, AND
THE HONOURABLE JOHN FAHEY, M.P.,
MINISTER FOR FINANCE AND ADMINISTRATION,
FOR THE INFORMATION OF HONOURABLE MEMBERS
ON THE OCCASION OF THE BUDGET 2000-01

9 MAY 2000

© Commonwealth of Australia 2000

ISBN 064243461 1

This work is copyright. Apart from any use as permitted under the Copyright Act 1968, no part may be reproduced by any process without prior written permission from the Commonwealth available from AusInfo. Requests and inquiries concerning reproduction and rights should be addressed to the Manager, Legislative Services, AusInfo, GPO Box 1920, Canberra ACT 2601.

 

Foreword

Budget Paper No. 1 - Budget Strategy and Outlook 2000-01 has been drafted in line with the Charter of Budget Honesty Act 1998. The Charter requires that, inter alia, the Government provide a statement of its fiscal strategy and a report on the economic and fiscal outlook.

Consistent with these requirements, this Paper contains eight statements:

Contents

Notes

(a) The following definitions are used in this Budget Paper:

(b) Figures in tables and generally in the text have been rounded. Discrepancies in tables between totals and sums of components are due to rounding:

(c) For the budget balance, a negative sign indicates a deficit while no sign indicates a surplus. For the cash tables in Statement 8, however, the ABS sign convention is used for presenting a deficit, where a negative sign indicates a surplus.

(d) The following notations are used:

NEC/nec not elsewhere classified
AEST Australian Eastern Standard Time
- nil
.. not zero, but rounded to zero
na not applicable (unless otherwise specified)
nfp not for publication
$m $ million

 

(e) References to the `States' or `each State' include the Territories, because from 1993-94 onwards, general purpose funding has been on the same basis for all jurisdictions. The Australian Capital Territory and the Northern Territory are referred to as `the Territories'. The following abbreviations are used for the names of the States, where appropriate:

NSW New South Wales
VIC/Vic Victoria
QLD/Qld Queensland
WA Western Australia
SA South Australia
TAS/Tas Tasmania
ACT Australian Capital Territory
NT Northern Territory

Budget Strategy and Outlook 2000-01 is one of a series of Budget Papers, the purpose of which is to provide information supplementary to that in the Budget Speech. A full list of the series is printed on the inside cover of this Paper.

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