Analysis and evaluation
In 2007–08, Treasury administered $17.371 billion of revenue and $3.299 billion of expenses on behalf of the State. This excludes administered item revenue which is appropriation revenue received from the Consolidated Fund to meet administered expenses.
The largest single source of administered revenue was State taxes, fees, fines and levies of $8.651 billion closely followed by Commonwealth grants of $8.613 billion.
State taxes, fees, fines and levies were comprised principally of pay-roll tax and duties of $6.96 billion. Taxes were also collected from gaming operators, and $39.398 million in grants were distributed to more than 2,000 community organisations through the Gambling Community Benefit Fund and the Casino Community Benefit Funds.
The main component of Commonwealth revenues was Queensland’s share of the Goods and Services Tax (GST). Other Commonwealth revenue includes compensation payments to Queensland for the transfer of certain corporations law responsibilities from the State to the Commonwealth and funding for pension concessions.
Treasury administered a number of grants on behalf of the State in 2007–08 including the Queensland Fuel Subsidy Scheme ($551.47 million) and the First Home Owner Grant ($200.695 million).
Treasury’s controlled revenues consist principally of parliamentary appropriations and in 2007–08 revenue allocated to outputs was $158.62 million (2006–07 $99.47 million). The increase in output revenue is due in part to Treasury being reimbursed for costs associated with the South East Queensland Water Reform project, the Sale of Wind and Gas project and Sale of the Golden Casket project ($28.93 million). The increase is also due to the outputs of racing ($3.4 million) and liquor licensing ($7.689 million) being transferred to Treasury through a machinery-of-Government change, together with $5.12 million additional funding for the Revenue Management System in Office of State Revenue.
State taxes, fees, fines and levies 2007–08
| Type | Amount |
|---|---|
| Pay-roll tax | $2.958B |
| Duties | $4B |
| Land tax | $611.819M |
| Gaming taxes | $882.244M |
| Other taxes, fees, fines and levies | $198.041M |
Increased collections of payroll tax and other taxes reflect Queensland’s continued strong employment growth and buoyant economy.
Fuel Subsidy Scheme five-year comparison
Treasury administers a number of grant and subsidy programs on behalf of the State including the Fuel Subsidy Scheme which increased to $551.472 million in 2007–08.
Total administered expenses by category 2007–08
| Category | Amount |
|---|---|
| Supplies and services | $183.71M |
| Grants and subsidies | $737.46M |
| Benefit payments | $200.7M |
| Superannuation benefit payments | $1.6B |
| Long service leave reimbursements | $268.28M |
| All other expenses | $305.91M |
Superannuation benefit payments of $1.6 billion was the largest component of the $3.3 billion of expenses Treasury administered on behalf of the State.
Last reviewed 22 October 2012
