Section 2: Revisions to agency outcomes

Outcomes, administered items and outputs

Table 1.1 ‘Agency outcomes and output groups’ lists the outcome statements and output groups for the Agency.

The Australian Office of Financial Management (AOFM) has not made any changes to its outcome or outputs since the 2005-06 Portfolio Budget Statements.

Output cost attribution

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

Total Resourcing for Outcome 1

1 The headline cash balance reported in 2004-05 Final Budget Outcome was $12.5 billion, against an estimate at Budget time of $7.9 billion. The 2005-06 Mid-Year Economic Fiscal Outlook reported an increase in the estimated headline cash balance for 2005-06 from $7.9 billion to $10.2 billion. The stronger budget position has lead to a significant increase in estimated investment activity for 2005-06.

2 Special Account outflows are shown in the payments column of the Special Account table in Table 1.11. The estimated payments from special account balances are provided by way of note only and do not form part of the total estimated resourcing.

3 Where names of Acts have been abbreviated, the full name of the Act can be found in the Acts Glossary.

Revised performance information — 2005-06

The AOFM has not made any changes to its performance information since the 2005-06 Portfolio Budget Statements.

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