Section 2: Revisions to outcomes and outputs

Outcomes and output groups

The Australian Office of Financial Management (AOFM) has not made any changes to its outcome or outputs since the 2004-05 Portfolio Budget Statements.

Output cost attribution

The AOFM delivers a single output — debt management — therefore cost attribution between outputs is not required.

Table 2.1: Total resources for Outcome 1

(1) The headline cash balance reported in 2003-04 Final Budget Outcome was $7.6 billion, against an estimate at budget time of $4.0 billion. The Mid-Year Economic and Fiscal Outlook reported an increase in the estimated headline cash balance for 2004-05 from $1.0 billion to $4.9 billion. The stronger budget position has led to a significant increase in estimated investment activity for 2004-05.

Revised performance information and level of achievement — 2004-05

The AOFM has not made any changes to its performance information since the 2004-05 Portfolio Budget Statements.

---