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A Guide to the Public Finance Act (2005)

Budgeting and Reporting Documents in a Typical Year


Appropriations
(Chapter 2)
Fiscal Responsibility
(Chapter 3)
Whole of Government Financial Statements
(Chapter 4)
Departmental Reporting
(Chapter 5)
Pre Financial Year
December
  • Budget Policy Statement


January-April



May

BUDGET Day
  • Appropriations (Estimates) Bill introduced
  • First Imprest Supply Bill introduced
  • Estimates tabled
  • Other supporting info tabled
  • Fiscal strategy report
  • Economic and fiscal update

  • Future operating intentions (Statement of Intent)
June
  • First Imprest Supply Bill passed
  • Statement on long-term fiscal position (4 yearly)


Financial Year
July



August
  • Appropriations (Estimates) Act passed
  • First Imprest Supply Act repealed
  • Second Imprest Supply Bill introduced and passed



September



October

  • Monthly Statements (to 30 September)

November

  • Monthly Statements (to 31 October)

December
  • December economic and fiscal update
  • Monthly Statements (to 30 November)

January

  • Monthly Statements (to 31 December)

February

  • Monthly Statements (to 31 January)

March

  • Monthly Statements (to 28/29 February)

April

  • Monthly Statements (to 31 March)

May
  • Appropriations (Supplementary Estimates) Bill introduced

  • Monthly Statements (to 30 April)

June
  • Appropriations (Supplementary Estimates) Act passed

  • Monthly Statements (to 31 May)

Post Financial Year
July



August



September

  • Annual financial statements
  • Annual Report
October
  • Appropriations (Financial Review) Bill introduced



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