Report Date: 06 Dec 2017

Understanding the financial statements of the Australian Capital Territory Government (the Territory) is important as these provide essential information to the ACT Legislative Assembly and community about the Territory’s financial performance and the state of its finances.

The Territory’s financial statements can be used to provide an indication of the financial sustainability of the ACT Government’s strategies and policies, particularly when assessed over time as well as providing information about the Territory’s capacity to meet its financial obligations.

The inclusion of current year, budget and prior year information in the Territory’s financial statements shows whether budgeted estimates were achieved and whether the Territory’s finances are improving or declining.

The ACT Government’s Budget Papers include the budget estimates for the period from 2017-18 to 2020-21 (the forward years). These provide an indication of the Territory’s estimated financial performance and the state of its finances over the forward years.

This report contains a discussion of the Territory’s and selected reporting agencies’ financial results for the year ended 30 June 2017. It also includes details of the progress made by reporting agencies in resolving audit findings.