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Statement 6: Expenses and Net Capital Investment

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Contents

Introduction

Part I: General government expenses

Overview
Reconciliation of expenses since the 2000-01 Budget
Expenses by function
General public services
Defence
Public order and safety
Education
Health
Social security and welfare
Housing and community amenities
Recreation and culture
Fuel and energy
Agriculture, forestry and fishing
Mining and mineral resources
Transport and communication
Other economic affairs
Other purposes

Part II: General government net capital investment

Overview
Reconciliation of net capital investment since the 2000-01 Budget
Net capital investment by function

Appendices

Appendix A: Expense Measures
Appendix B: Net Capital Investment Measures
Appendix C: Expenses Statistics

Statement 6: Expenses and Net Capital Investment

Introduction

Statement 6 presents the 2001-02 Budget year and forward estimates of general government expenses and net capital investment on a Government Finance Statistics (GFS) accrual accounting basis. The Statement this year includes information on the allocation of Commonwealth funds to the various functions of government.

The GFS framework is a specialised statistical system designed to support economic analysis of the public sector. The framework allows comprehensive assessments to be made of the economic impact of government.

The functional classification system brings together expenses and net capital investment directed towards like objectives or purposes. It facilitates presentation of information on the basic purposes of government activities and of the resources devoted by the Commonwealth to those purposes.

Expenses represent the full costs of an activity, as opposed to the direct cash costs. Recording estimated expenses is in accord with international practice in government budgeting and consistent with worldwide private sector practices.

Part I provides information on trends in expenses whilst Part II presents trends in net capital investment estimates. Expense and net capital investment measures by portfolio are listed, in Appendices A and B, with estimates of Commonwealth general government expenses by function and sub-function, and by economic type in Appendix C.

Further information on portfolios' and agencies' expenses, capital movements, major outputs and administered items may be found in the respective Portfolio Budget Statements.

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