Section 2: Outcomes and outputs information
Outcomes and output groups
The map below shows the relationship between government outcomes and the contributing outputs for the Australian Office of Financial Management (AOFM). Financial detail for Outcome 1 by output appears in Table 2.1 while performance information for Outcome 1 appears in Table 2.2.
Output cost attribution
The AOFM's single output is debt management. All departmental appropriations are attributed to this output.
Map 2: Outcomes and output groups
Changes to outcomes and outputs
There are no proposed changes to the outcome or outputs.
Outcome 1 - Description
To enhance the Commonwealth's capacity to manage its net debt portfolio, offering the prospect of savings in debt servicing costs and an improvement in the net worth of the Commonwealth over time.
Measures affecting Outcome 1
There are no measures for the AOFM in the 2003-04 Budget.
Outcome 1 - Resourcing
Table 2.1 shows how the 2003-04 appropriations translate to total resourcing for Outcome 1, including administered and agency appropriations, revenue from other sources, and the total price of outputs. Cell references C1, E1 and I1 show the links back to Table 1.1 (the Appropriations and other revenue table for the agency).
Table 2.1: Total resources for Outcome 1
(1) C1, E1 and I1 show the links back to Table 1.1.
(2) This special account is governed by the Financial Agreement Act 1994. Further details on special accounts appear in Table 1.5.
Outcome 1 - Contribution of outputs
The AOFM delivers a single output - debt management. Debt management encompasses the execution of instruments including Treasury Fixed Coupon Bonds, Treasury Indexed Bonds, Treasury Notes and associated derivatives. It also encompasses risk management activities, compliance activities, financial reporting and debt administration.
The debt portfolio is managed in line with the risk preferences and requirements of key stakeholders. Debt management activities comply with applicable accounting standards and legislative requirements.
Performance information for Outcome 1
Table 2.2: Performance information for Outcome1
Evaluations
Information on planned evaluation activity for the coming year that relates to the AOFM's outcome and outputs is included in Table 2.2. Results of evaluations will be presented in the AOFM's Annual Report.