estimates

(in relation to budgeting) Expected expenses, revenues, assets, liabilities, and cash flows of the Commonwealth, prepared in consultation between Finance and the entities responsible for programme delivery. The term 'agreed estimates' is sometimes also used to stress the fact that these estimates are agreed by government, either through individual Cabinet decisions or as a result of Cabinet-endorsed general adjustment processes (for example, parameter indexation). Related terms:parameters, indexation.

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Last updated: 13 January 2016