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Annual Report 2006-07

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The year in review - Financial and economic policy

Strategic business priorities	Highlights	The year ahead
Strengthen State finances and ensure fiscal sustainability through achievement of the fiscal principles in the Charter of Social and Fiscal Responsibility and build stakeholder awareness of the risks and influences affecting Queensland's fiscal position.	Developed the 2007-08 State Budget.	Monitor the 2007-08 State Budget.
	Monitored and reviewed the 2006-07 State Budget.	Develop the 2008-09 State Budget.
	Maintained the State's AAA credit rating and built net worth.
Enhance economic performance through improving the performance of the public sector's infrastructure and encourage more informed economic debate.	Provided advice to Government on the development of reform proposals for bulk water supply.	Continue to work with relevant agencies to implement the Government's reform of bulk water supply arrangements.
	Assisted in the establishment of funding and governance for the delivery of significant water infrastructure.	Continue to provide advice on major asset management and infrastructure projects.
	Allocated proceeds from sale of energy assets to the Queensland Future Growth Fund.	Continue to administer the Queensland Future Growth Fund.
Further develop and refine the Queensland Government financial management framework.	Completed the development of the Project Assurance Framework.	Work with Department of Infrastructure to implement the Project Assurance Framework.

Financial summary

	2006-07	2005-06
State contribution	$27.63M	$26.97M
Other income	$27.26M1	$2.85M
Full-time equivalent employees	229	252

1. The increase in Other income is due to an increase in reimbursement for project costs as a result of the energy retail asset sale.

Stronger economic growth

Analysis: Driven by investment in capacity, the Queensland economy is estimated to grow by 5½ per cent in 2006-07, more than double the national rate.

Last reviewed 29 September 2008

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Queensland Government