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Friday, 15 May 1970


Mr Whitlam asked the Treasurer, upon notice:

Will he bring up to date ' and consolidate the answers which his predecessor gave me on IS August 1967 (Hansard, page 92), 19 November 1968 (page 3007), 27 November 1968 (page 3387), 21 May 1969 (page 2097) and 26 September 1969 (pages 2122 and 2132) on the internal and overseas securities on issue, annual interest liability and capital repayments in respect of

(a)   the Commonwealth,

(d)   local government authorities in each State and

(e)   each mainland Territory.


Mr Bury - The answer to the honourable member's question is as follows:

The information previously supplied on securities on issue, annual interest liability and capital repayments has been consolidated and brought up to date in the following tables:

 

 

 

 

 

The information in the foregoing tables has been taken from the White Paper Government Securities on issue at 30 June 1969, the Annual Reports of the National Debt Commission, and Finance Bulletins and the Bulletin on 'State, Territory and Local Government Authorities' Finance and Government Securities' published by the Commonwealth Statistician.

Statistics relating to the total debt outstanding and the annual interest liability for local and semigovernment authorities at 30 June 1969 are not yet available.

Figures showing actual interest payments are not available on a comparable basis for all authorities. Figures showing the annual interest liability have therefore been shown.

Statistical data for local and semi-governmental authority debt was not collected during the war years and was resumed in 1946-47. Details for Commonwealth, State, local and semi-governmental authorities have therefore been shown for 1947 in lieu of 1945.

The table 'Capital Repayments' shows actual expenditure of the Commonwealth and the States on debt redemption from the National Debt Sinking Fund, Consolidated Revenue Fund and Trust Fund. It excludes redemptions from Loan Fund, i.e., where securities are issued and the proceeds used to redeem other securities. The figures shown for local and semi-governmental authorities are of funds provided for the redemption of debt. Unlike Commonwealth and State sinking funds, contributions paid into some local and semi-governmental authority sinking funds are not expended on debt redemption as they become available, but are accumulated until maturity of the loan for which the contribution is payable.







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