Press Release
Hon Bill English
Treasurer

The table below shows that the dollar for dollar commitment is met without using any of the provision for future initiatives. In practice, a significant share of the provision is likely to go into Health, Education and Social Welfare.

:::::::::::::::::::::::::99/00::::00/01::::01/02::::02/03::::
::::::::::::::::::::::::::$m:::::::::$m::::::::::$m::::$m::::

PREFU expenditure figures include:

Health::::::::::::::::::6,816::::7,041::::7,127::::7,211::::
Education:::::::::::6,373::::6,524::::6,634::::6,779::::
Social welfare::::12,963::::13,043::::13,280::::13,659::::

Total baseline spending - Health, Education & Welfare::::26,152::::26,608::::27,041::::27,649::::(1)

Cumulative Increase over 99/00::::::::456::::889::::1,497::::

Provision for future initiatives::::10::::310::::920::::1,470::::(2)

PREFU Operating balance::::14::::796::::1,659::::2,341::::(3)

Notes

(1) Includes provision for forecast changes in demand as well as new spending commitments
such as $175m recently announced for new and enhanced health services from 2000/01.

(2) A significant proportion of this is likely to be added to social spending baselines in future
Budgets.

(3) This is the operating surplus after taking account of baselines and the provision for future
initiatives.::::

ENDS

© Scoop Media

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