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Our performance - the year in review

Output: Financial and economic policy

Output: Financial and economic policy
Strategic business priorities Highlights The year ahead

Strengthen State finances and ensure fiscal sustainability while maintaining the State's net worth, AAA credit rating and competitive tax regime.

Managed the 2004-05 State Budget, delivering a higher than forecast surplus.

Prepared the 2005-06 State Budget in accordance with the Charter of Social and Fiscal Responsibility.

Provided Queensland 's submissions and opinions as part of the review of simplification of the process underlying the distribution of Goods and Services Tax (GST) revenue.

Coordinate the process for the 2006-07 State Budget.

Participate in the Commonwealth Grants Commission's review of the methods used to allocate GST revenue.

Enhance economic performance through improved infrastructure performance, economic debate and understanding, while balancing public benefits.

Provided economic information, analysis and advice on factors affecting the State economy, infrastructure planning, industry reform and energy issues.

Develop and facilitate strategies to lift the State's sustainable level of economic growth and address the challenges of an aging population and labour force.

Facilitate improved financial management in the public sector.

Developed revised accounting and financial reporting policies to ensure a smooth transition to international accounting standards.

Continue review of the financial management framework and identify opportunities to improve the framework.

Work with agencies to promote delivery of value-for-money services that result in appropriate community outcomes.

Assist in the development of the South East Queensland Infrastructure Plan and Program (SEQ Infrastructure Plan) and developed the Capital Review and Monitoring Unit to improve Treasury's coordination and assessment of emerging capital and asset needs across Government.

Continue to monitor progress with SEQ Infrastructure Plan, industry capacity issues and general economic conditions affecting infrastructure delivery.

Financial summary
  2004-05 2003-04
State contribution $27.8M $25.09M
Other revenue $3.92M $4.52M
Full-time equivalent employees 213 209

Government expenses by purpose - Growth from 1998-99 to 2005-06

Financial and economic policy: graph showing Government expenses by purpose - growth from 1998-99 to 2005-06.

Analysis: The Government has consistently focused on improving key service areas such as education, health, public order and safety and community services.