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Budget 2005 Home Page Half-Year Economic & Fiscal Update 2005

Time-Limited Funding

Time-limited funding does not meet the definition of a “risk” under the PFA, but is further information that is prepared to increase transparency about initiatives with funding profiles that cease or decrease during the forecast period.

The following table outlines those areas where initiatives have time-limited funding that decreases or ceases at some point and may potentially be extended, using a $5 million materiality threshold. They are often related to pilot programmes.


Vote
Description of Initiative Operating Impact ($million)
Community and Voluntary SectorDigital Strategy – Community Partnerships Fund18 from 2005/06 to 2008/09 (MYA)
CommunicationsDigital Strategy – high-speed connectivity for growth20 from 2005/06 to 2008/09 (MYA)
Economic, Industry and Regional DevelopmentRegional partnerships and facilitation for sustainable economic growth57 from 2004/05 to 2006/07 (MYA)
EducationMicrosoft software licensing8 in 2005/06 and 4 in 2006/07
EnergyElectricity efficiency programme8 in 2005/06 and 10 in 2006/07
HealthMeningococcal vaccine programme49 in 2005/06 and 11 in 2006/07
HousingRural housing programme8 in each of 2005/06, 2006/07 and 2007/08
Internal AffairsSignificant Community-Based Projects Fund40 from 2005/06 to 2008/09 (MYA)
PoliceRegional assistance mission Solomon Islands and Solomon Island executive support7 in each of 2005/06 and  2006/07
TourismTourism promotional budget targeting high-yield tourists9 in 2005/06

The following table shows the impact on the operating balance if funding were to be appropriated to maintain funding levels for these initiatives (i.e. extend the initiatives beyond their current scheduled completion dates). These amounts would need to be managed within the forecast operating spending.

Operating Impact ($million) 2005/06 2006/07 2007/08 2008/09 2009/10 and Outyears
Funding to extend initiatives-9647290
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