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Budget Estimates 201920 Tuesday 10 September 2019
Portfolio Committee No. 4 Industry
Agriculture and Western New South WalesQuestions Taken on Notice
Question 1 (Page 14 of transcript)
The Hon. DANIEL
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How to fill out portfolio budget statements 202223
01
Start by gathering all relevant financial information such as income, expenses, investments, and any other financial assets.
02
Begin by creating a detailed list of all sources of income, including salaries, dividends, bonuses, and any other form of monetary gains.
03
Next, list out all expenses, including utilities, rent, mortgage payments, insurance premiums, and any other regular expenditures.
04
Calculate the net income by subtracting total expenses from total income.
05
Break down the budget into categories such as housing, transportation, groceries, entertainment, and savings to get a clear picture of where the money is being allocated.
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Make adjustments as needed to ensure that expenses do not exceed income and that there is room for savings or investments.
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Review the portfolio budget statement regularly and make updates as financial circumstances change.
Who needs portfolio budget statements 202223?
01
Government agencies such as departments of finance or treasury
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Non-profit organizations
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Businesses and corporations
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Individuals or households looking to track their financial health and plan for the future
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What is portfolio budget statements 2022-23?
Portfolio budget statements 2022-23 are documents that outline the planned financial activities and spending of a government agency for the fiscal year 2022-23.
Who is required to file portfolio budget statements 2022-23?
Government agencies and departments are required to file portfolio budget statements for the fiscal year 2022-23.
How to fill out portfolio budget statements 2022-23?
Portfolio budget statements are typically filled out by financial officers or designated individuals within the government agency. They must report on planned expenses, revenue sources, and performance measures.
What is the purpose of portfolio budget statements 2022-23?
The purpose of portfolio budget statements is to provide transparency and accountability in government spending. They also help track progress towards achieving budget goals and outcomes.
What information must be reported on portfolio budget statements 2022-23?
Portfolio budget statements must include details on planned expenses, revenue sources, performance indicators, and budget priorities for the fiscal year 2022-23.
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