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Annual Report 1999-2000Annual Report 1999-2000 home page

ContentsContents > Overviews > Outcome 1: National Interests > Outcome 2: Consular & Passports > Outcome 3: Public Diplomacy > Management > Financial Statements > Appendixes > Glossaries

YOU ARE CURRENTLY AT: Outcome 1 > Outputs 1.1 and 1.2 > Administered items


OUTCOME 1: Australia's national interests protected and advanced through contributions to international security, national economic and trade performance and global cooperation

Output 1.1:
Protection and advancement of Australia’s international interests through the diplomatic network and Canberra-based activity


Output 1.2:
Provision of policy advice and analysis to portfolio ministers

ADMINISTERED ITEMS

Contributions to international organisations

Quality indicator

  • Timely and efficient administration of contributions paid in accordance with the requirements of relevant organisations.

Quantity indicator

  • Number of international organisations to which Australia contributes.

During the 1999–2000 financial year, payments of assessed contributions to the United Nations General Budget were made. Contributions to a further 18 international organisations’ budgets were made. The total amount of those contributions was $62 066 152.32.

We also made assessed contributions to 19 UN peacekeeping operations to a total of $39 115 906.08.

All payments were made within the advised timeframe and in accordance with the requirements of relevant organisations (see Appendix 13).

Quantity

Australia contributed to 19 international organisations during the year. For a complete listing of organisations see Appendix 13.

Export Finance and Insurance Corporation National Interest Account

Quality indicator

  • National interest payments and receipts managed in accordance with the national interest provisions of the EFIC Act.

Quantity indicator

  • Value of payments and receipts; value of exports supported on EFIC’s National Interest Account.

The department managed whole-of-government coordination of the Export Finance and Insurance Corporation’s (EFIC’s) National Interest Account transactions throughout the year. This involved analysis of risks and benefits, consultations with relevant agencies and provision of advice to ministers. Export transactions that supported the National Interest Account included the sale of wheat to various countries, the sale of data processing and telecommunications equipment to Papua New Guinea and the sale of marine vessels to the Philippines.

The department also continued to manage the application of the Government’s competitive neutrality policy to EFIC, with the overall aim of ensuring that EFIC has no net advantage over the private sector in contestable areas of its business. During the year the department supported work leading to the passage and enactment of the Export Finance and Insurance Corporation Bill 1999; consequently EFIC became liable for, and made, a tax-equivalent payment on its short-term credit insurance business.

The department safeguarded Australia’s interests at the Paris Club group of creditors, including achieving debt rescheduling for $108 million of Russian and $107 million of Indonesian debt to Australia, which minimised the costs to Australia while providing support to the process of economic recovery for Russia and Indonesia.

We continued to carry forward negotiations with participants in the OECD Arrangement on Guidelines for Officially Supported Export Credits for an agreement regulating the use of long-term export credits for agricultural products. However, prospects for a successful conclusion of these negotiations in the OECD remain uncertain.

Quantity

Value of payments

15 881 000

Value of receipts

52 076 000

Value of exports supported on EFIC’s National Interest Account.

511 000 000


YOU ARE CURRENTLY AT: Outcome 1 > Outputs 1.1 and 1.2 > Administered items

Annual Report 1999-2000Annual Report 1999-2000 home page

ContentsContents > Overviews > Outcome 1: National Interests > Outcome 2: Consular & Passports > Outcome 3: Public Diplomacy > Management > Financial Statements > Appendixes > Glossaries

 

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