The Government’s liabilities include records payable and accrued liabilities and debt that is interest-bearing.
At March 31, 2019, accounts payable and accrued liabilities totalled $159.7 billion, up $11.9 billion from March 31, 2018. This enhance reflects development in quantities payable linked to income tax, other records payable and accrued liabilities, conditions for contingent liabilities, ecological liabilities and asset your your retirement responsibilities, and interest and debt that is matured partially offset by way of a reduction in deferred income.
- Quantities payable associated with taxation increased by $billion in 2018–19, from $billion at March 31, 2018 to $65.2 billion at March 31, This enhance reflects in component the Climate Action Incentive re re re payments that have been accrued by the end associated with the season.
- Other reports accrued and payable liabilities increased by $billion in 2018–Within this component, reports payable increased by $billion. This enhance had been attributable in big component into the accrual of $billion in investing measures established in Budget 2019, including a one-time $2.2-billion top-up into the petrol Tax Fund and $bilion in financing when it comes to Green Municipal Fund. Continue reading Liabilities