FLEET SA

100 Mr HAMILTON-SMITH (Waite—Leader of the Opposition) (30 September 2008). With respect to the department's short term borrowings, why was only $1.1 million borrowed in 2007-08 when $102.6 million was budgeted for, and what was the purpose of these borrowings?

The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Industry and Trade, Minister for Federal/State Relations): I am advised that the $102.6 million budget amount for 2007-08 related to the short term borrowings associated with the government's vehicle fleet replacement program (Fleet SA) that was transferred to the Department of Treasury and Finance (DTF) following the abolition of the former Department for Administrative and Information Services.

This amount was subsequently reclassified by DTF between the short term and long term borrowing categories in accordance with the relevant term to maturity of the liabilities.