The HA is financially autonomous and funds its public housing programmes internally. Given the wide scope of the HA's operations, its finances are subject to a wide range of variables and external factors.
While the HA's expenditure does not form part of the Government's expenditure, it represents an important element of public sector spending. In 2003 / 2004, this amounted to approximately 9.5% of the total public expenditure. A summary of the income and expenditure items of the HA's revised budget for 2003 / 2004 and proposed budget for 2004 / 2005 is set out below.
| |
Revised Budget
2003 / 2004
($M) |
Proposed Budget
2004 / 2005
($M) |
| Operating Income |
15,769 |
17,593 |
| Operating Expenditure[13] |
16,255 |
17,460 |
| Capital Expenditure |
13,240 |
8,710 |
|
 Efficiency Savings
Consolidated Operating Account Budget
Cash Budget
Capital Expenditure Budget
|
 |
|
