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Tuesday, 3 February 2009
Page: 202


Senator Ronaldson asked the Minister representing the Minister for Finance and Deregulation, upon notice, on 24 November 2008:

For the 2008 calendar year, can lists be provided for: (a) the department’s top 5 program overspends and their costs; and (b) the department’s top 5 program underspends and their costs.


Senator Sherry (Minister for Superannuation and Corporate Law) —The Minister for Finance and Deregulation has provided the following answer to the honourable senator’s question:

The Department of Finance and Deregulation (Finance) prepares its budget on a financial year basis, rather than a calendar year. Therefore, it is not possible to provide you with an answer on “Calendar Year” basis.

In lieu of the “Calendar Year” basis for your answer, my Department has provided data from the 2007-08 financial year (ended 30 June 2008).

Finance has 4 defined programs:

  • Superannuation;
  • Ministerial and Parliamentary Services,
  • Property Management; and
  • Insurance and Risk Management.

A full breakdown of each program, their budgets, and their overspend/underspend is as follows:

2007-08 $000’s

Program

Actual

Budget

Variance ($)

Variance (%)

Superannuation

5,204,840

5,480,865

-276,025

-5%

Ministerial and Parliamentary Services

310,926

329,933

-19,007

-6%

Property Management

44,772

49,598

-4,826

-10%

Insurance and Risk Management

105,228

101,747

3,480

3%