Parliament, via the appropriation Acts, provides PM&C with two types of funding: departmental and administered.
PM&C use departmental resources to produce services (outputs). We also administer payments, revenues and other resources on behalf of government, which controls how we use them and requires us to account for them separately.
PM&C’s resources are outlined in Figure 9.1 and the allocation to outputs and administered items for 2008–09 is detailed in Figure 9.2. A shaded background indicates that information relates to an administered resource, both in the table and in the formal financial statements that follow it.
How we measure our performance
We published detailed financial forecasts through the year in our Portfolio Budget Statements, released on budget night, and our Portfolio Additional Estimates Statements.
Our overall focus is on providing accurate estimates and achieving a balanced financial outcome.
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