Portfolio Budget Statements and Portfolio Additional Estimates Statements

Portfolio Budget Statements – May each year

The Portfolio Budget Statements (PBS) provide an important means by which the executive government remains accountable to the parliament.  The PBS inform the parliament and the public of the proposed allocation of resources in the upcoming annual Budget to Commonwealth entities, by government outcomes.

The PBS, Budget Papers, Annual Appropriation Bills (Nos. 1 and 2) and Appropriation (Parliamentary Departments) Bill (No. 1) are tabled in the parliament on Budget Night, the second Tuesday in May of each year.  These Bills require that the PBS be taken into account when interpreting the appropriated items in the Schedules.

Finance has issued the following guidelines on the format and printing of the PBS:

Last year's version of the guidance is available for reference when entities prepare annual reports:

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Portfolio Additional Estimates Statements – mid-February each year

The Portfolio Additional Estimates Statements (PAESs) inform the parliament of changes to the proposed allocation of resources since the Budget.  The PAES, annual Appropriation Bills (Nos. 3 and 4) and Appropriation (Parliamentary Departments) Bill (No. 2) are tabled in the parliament usually in mid-February each year.

The annual Appropriation Bills (Nos. 3 and 4) and Appropriation (Parliamentary Departments) Bill (No. 2) require that the PBS be taken into account when interpreting the appropriated items in the Schedules.

Not all portfolios prepare a PAES. Only those entities for whom the government has agreed to change funding through the Appropriation Bills listed in the previous paragraph should produce a PAES.

Finance has issued the following guidelines on the format and printing of the PAES:

Last year's version of the PAES guidance is available for reference when entities prepare annual reports:

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Contact for information on this page: BudgetFramework@finance.gov.au