2021-2023 enacted budget . Tokyo 2020 Day One Highlights: Adam Peaty off to a flier and Japan celebrates first gold ... James Goldman Saturday 24 Jul 2021 ... Adam Peaty of Team Great Britain competes in … Pinterest. Rs. Page 2 of 11 . Florida’s total reserves are $6.3 billion, more than 6 percent of the total budget for Fiscal Year 2020-2021. This suppressed output, productivity and capacity utilisation. ... Budget highlights, 2021 | Income Tax . Gov. The Minister of Finance, Dr. Bwalya K.E. The Union Budget for 2020-21, to boost income and enhance their purchasing power. As of March 3rd, New Yorkers becoming ill from COVID-19 (or required to isolate) have been ... 2021 growth forecast at 5.8 percent and 6.5 percent by 2024. March 10, 2020 No. 2021-2023 enacted budget . 2021 Budget Highlights Budget size $421,6 billion Revenue collection projections $390,8 billion Public debt $1,972,848.34 Economy expected to rebound by 7.4% in 2021 from a consecutive 2-year downturn. Prince A. Rahming, Territory Leader, PwC PwC I The 2020/2021 Budget I A Resilient Bahamas | 3 Prince A. Rahming, Treasury CS Ukur Yattani has read out the Budget allocations for the financial year 2021/22, with the Teachers Service Commission (TSC) getting the lion’s share of Ksh281.7 billion. Customs duty on gold and silver to be rationalized. BUDGET HIGHLIGHTS BUDGET TRANSMITTAL LETTER October 6, 2020 To the Honorable Mayor and City Council: I am pleased to transmit the 2021‐2022 Proposed Biennial Budget. 2021 MAKING PROGRESS HAPPEN ENACTED BUDGET HIGHLIGHTS. Economic growth in the USA declined to 2.3% in 2019 from 2.9% in 2018. Budget Savings The budget includes $218.8 million in savings and a reduction of 203 positions. Read about Digital Service Tax which was announced during budget reading and how it will affect you if you work online. Duty on naphtha decreased to 2.5%. This initiative will support community-based organizations to enable low-income seniors to age in place. Italy Budget Highlights 2021. The State of Violence Against School Children in Tanzania Mainland. Inslee signed the 2021-2023 budget that prioritizes efforts to mitigate climate change, increase police accountability and transparency, while making progress on COVID-19 response and recovery, including significant funds to strengthen the public health system. 2 Proposed 2021-23 Budget & Policy Highlights Overview In the first months of the pandemic, hundreds of thousands of Washingtonians lost their jobs. It supports jobs and guarantees services and is the next stage of the Government’s economic plan to secure Australia’s recovery. Fiscal deficit of 3.8% estimated in RE 2019-20 and 3.5% for BE 2020-21. Budget 2021 was framed in the midst of immense economic challenges presented by COVID-19 and Brexit. 3.1.2. May 26, 2021. The key highlights of the Union Budget 2021-22 regarding the Tax are as follows: Assent weight of miniature businesses whose yearly discharges do not exceed INR 5 crores to be eased. 2020/2021 Budget Highlights Key Macroeconomic Indicators • Real GDP contraction of 6.8 percent is estimated for 2020 • A fiscal deficit of $16.772 billion (11 percent of GDP) is estimated for 2020 • The debt-to-GDP ratio for 2020 is 80.7 percent • Expenditure in fiscal year 2021 is based on an oil price of US$45.00 per barrel Budget overview The Key Highlights of Union Budget 2020-21 are as follows: Three prominent themes of the Budget Aspirational India - better standards of living with access to health, education and better jobs for all sections of the society Economic Development for all - “Sabka Saath, Sabka Vikas, Sabka Vishwas”. 2021 NATIONAL BUDGET HIGHLIGHTS 2 Economy estimated to contract by -4.1% in 2020, reflecting weak demand due to necessary lockdown. The 2021-22 financial year’s budget is expected to cement the legacy of President Uhuru Kenyatta’s 10 years in office in a tough economic setting clouded with … 13 October 2020 | Tel: 01 849 8800 Email: info@dbass.ie We are pleased to bring you our summary of the tax measures set out in Budget 2021. The world’s largest economy is expected to contract 5.9% in 2020 before recovering 4.7% in 2021. Budget 2020/21: The highlights Thursday June 11 2020. this plan will be used to assign budget allocations and to make budget decisions. 2020-08 Quebec’s Finance Minister Éric Girard delivered the province’s 2020-2021 budget on March 10, 2020. 800 million support for COVID-19. For FY21, fiscal target seen at 3.5%.. General Government Continuation. The Economic Survey for 2019–2020 was released on 31 January 2020, a day before the budget. Budget Highlights You will find that in some other funds as well. BUDGET HIGHLIGHTS of the Government of Ghana for the 2020 FINANCIAL YEAR PRESENTED TO PARLIAMENT ON WEDNESDAY, 13TH NOVEMBER 2019 BY KEN OFORI-ATTA MINISTER FOR FINANCE ON THE AUTHORITY OF HIS EXCELLENCY NANA ADDO DANKWA AKUFO-ADDO, PRESIDENT OF THE REPUBLIC OF GHANA THEME: “Consolidating the Gains for Growth, Jobs & Prosperity for all” The Union budget 2021-22 was announced by Finance Minister Nirmala Sitharaman on 1st Feb in the parliament. Budget Highlights. Following are some highlights from the 2021 Budget Book. Schools Budget: Union Budget 2021 announcements. Governor . 178, published in the Italian Official Gazette on December 30, 2020) attempts to introduce significant tax incentives especially for businesses. Full details of the Administration’s proposal will be provided in a forthcoming legislative transmittal to Congress. Key highlights of Budget 2020. This relief applies from 1 July 2020, and will be available through 2020-21 personal income tax returns. 2. Province of copper scrap decreased to 2.5%. Some of the key provisions applicable for employees and companies/corporate taxpayers are as follows: The March 4, 2021. Highlights. 94,452 crore in BE 2020-21 – an increase of 137%; Focus on strengthening three areas: Preventive, Curative, and Wellbeing; Steps being taken for improving health and wellbeing: Vaccines . Last Year: Highlights of the Union Budget 2020-21. 2021 GOVERNOR’S BUDGET SUMMARY . Rs. These proposals are previewed in the FY 2021 Budget Request. Total tax revenue collections for Treasury have been projected to reach Rwf1,421.4 billion in the fiscal year 2020/21, lower than the Rwf1,569 billion projected in the revised budget financial year 2019/20 by Rwf147.6 billion. The uncertainty surrounding economic recovery from COVID‐ The 2020-21 Department of Foreign Affairs and Trade Budget. Download the latest 2021 Budget highlights Download previous editions 2020 Budget Highlights The Finance Minister, Ken Ofori-Atta, presented the 2020 Budget Statement on 13 November 2019 with the theme “Consolidating the gains for growth, jobs and prosperity for All”. Budget speech, latest budget announcements, budget highlights and more. Consistent with last year’s forecasts, the budget still predicts a balanced budget for 2020-2021. The total for the Fiscal Year 2020-2021 budget is $92.2 billion. The current Low and Middle Income Tax Offset of up to $1,080 will remain in place for 2020-21. Are you interested in how funds are being allocated? Almost no business was left unscathed. Considering we are still battling the COVID-19 crisis, it is no surprise that the Budget 2021 focused on improving healthcare and infrastructure. The total 2021 operating budget is a 2% increase compared to the 2020 budget and a 6% increase compared to the projected 2020 year-end expenditures (see page 4 of the Budget Book), reflecting reduced expenditures during 2020. Agriculture Irrigation. The Department of Foreign Affairs and Trade will receive an appropriation of $6.1 billion for the 2020-21 financial year, including $4.3 billion in administered funding, and $1.8 billion in departmental funding. While health allocation jumped 137 percent for 2021-22 as compared with the previous fiscal, infrastructure, too, received a major boost. Saskatchewan Provincial Budget. Budget 2021 proposes providing $90 million over three years, starting in 2021-22, for Employment and Social Development Canada to launch the Age Well at Home initiative. In addition, the FY 2021 Budget requests . 2021 Budget also identifies the need to make important program and policy updates through the reauthorization process. It is the Province’s main financial plan outlining key investments into programs and services as well as capital to protect, build and grow Saskatchewan in 2021-22. By law, we must include lines that had expenses back to 2019. The theme of the Budget 2020 is designed on three grounds: Finance Minister opens up the budget speech by saying this budget is to increase the income & improve the purchasing power of individuals. Finance Minister Nirmala Sitharaman on Saturday (01.01.2020) announced massive state funding to help India’s farm sector in Union Budget 2020-21, aiming to get broader economic growth back up from its lowest in a decade. Indian Budget Highlights Fiscal numbers: FY20 fiscal deficit revised to 3.8% from 3.3% in the current fiscal. IMF estimates show that growth is expected to decline to 7.5% in 2020 before recovering 4.7% in 2021. BUDGET HIGHLIGHTS FISCAL YEAR 2021 LAWRENCE J. HOGAN, JR., GOVERNOR BOYD K. RUTHERFORD, LIEUTENANT GOVERNOR . Highlights of the 2021 federal budget. Get latest Union Budget 2021 news and updates from Nirmala Sitharaman on The Economic Times. This is the second budget of Narendra Modi-led NDA government's second term. Pakistan Federal Budget 2021-2022 Highlights The government followed a policy of fiscal consolidation because of which fiscal deficit reduced from 8.2% to the current year’s 4.2%. Department of Rehabilitation Budget The Department of Rehabilitation’s (DOR) enacted budget for fiscal year (FY) 2020-2021 is $485.6 million. Indian Budget Highlights Fiscal numbers: FY20 fiscal deficit revised to 3.8% from 3.3% in the current fiscal. presented in the 2020 Mid-Year Review documents as follows: Overall real GDP growth rate of 0.9 percent; Overall non-oil real GDP growth rate of 1.6 percent; End-period December year-on-year inflation of 11.0 percent; Overall budget deficit (on cash basis) of 11.4 percent of GDP; Tokyo 2020 Day One Highlights: Adam Peaty off to a flier and Japan celebrates first gold ... James Goldman Saturday 24 Jul 2021 ... Adam Peaty of Team Great Britain competes in … Major highlights of Union Budget 2021-22. Funding for vocational rehabilitation consumer services is $186.9 million. The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st February 2021 in the Parliament. 2023: Ambitious Goals for Growth, Innovation and Engagement. Matia Kasaija, today (Thursday) presented the 2020/2021 National Budget under the theme ‘Stimulating the Economy to Safeguard Livelihoods, Jobs, Businesses and Industrial Recovery’. Uganda National Budget 2020/2021: Key Investment Takeaways By David Rupiny The Minister of Finance, Planning and Economic Development, Hon. The uncertainty surrounding economic recovery from COVID‐ Facebook. CAPITAL OUTLAY COMPARISON . The 2021 Operating Budget is $1.6 billion, which is $17 million or 1% less than the 2020 Budget. The fiscal framework of the 2020/21 budget and the medium-term has been revised to take into account the adverse impact of the COVID-19 pandemic on revenue performance. The 2021-22 Budget maintains the momentum of Australia’s economic recovery. 0. Irish businesses face extraordinary headwinds, and the Budget both reaffirms existing measures and Twitter. General Fund (0001) $9,657 $31,251 $21,594 224% . Notable Health and Wellbeing Physical & Financial Capital Infrastructure Inclusive Development for Aspirational India Reinvigorating Human Capital Innovation and R&D Minimum Government and Maximum Governance … Health and Wellbeing Physical & Financial Capital Infrastructure Inclusive Development for Aspirational India Reinvigorating Human Capital Innovation and R&D Minimum Government and Maximum Governance … The budget law 2021 (Law No. Given the City has restarted most of its public services and reopened most facilities, we will need to continue to manage costs closely. 2.79 trillion. 2,021 - Budget 2021 Highlights of Union Budget 2020-21 Budget 2021 Union Budget 2021 | Budget proposes 137% hike in health, well-being spend Budget 2021 Union Budget 2021 | Food subsidy budget … Budget 2021 was framed in the midst of immense economic challenges presented by COVID-19 and Brexit. Budget 2021: highlights and key changes. Capital Outlay $9,657 $31,251 . 2,23,846 crore outlay for Health and Wellbeing in BE 2021-22 as against Rs. The 2021–22 Budget includes $71 million to support the Queensland screen industry, including $53 million to continue the Screen Queensland Production Attraction Strategy, $10 million for the Post, Digital and Visual Effects incentive, $4 million for the Screen Finance Program, and $4 million for a North Queensland Regional Program. Budget 2021 proposes providing $90 million over three years, starting in 2021-22, for Employment and Social Development Canada to launch the Age Well at Home initiative. This initiative will support community-based organizations to enable low-income seniors to age in place. Highlights of the N.C. Public School Budget Quick Facts. Key highlights of Budget 2020. The budget anticipates ending fiscal 2019-2020 with a $1.9-billion Summary and highlights from Singapore Budget 2020. Download the latest 2021 Budget highlights Download previous editions 2020 Budget Highlights The Finance Minister, Ken Ofori-Atta, presented the 2020 Budget Statement on 13 November 2019 with the theme “Consolidating the gains for growth, jobs and prosperity for All”. 13 October 2020 | Tel: 01 849 8800 Email: info@dbass.ie We are pleased to bring you our summary of the tax measures set out in Budget 2021. Budget Highlights and Analysis 3 Presidential Recommendation That the Board of Regents approve the following resolution establishing and approving the Fiscal Year 2020-21 Annual Unrestricted Operating Budget for Northern Kentucky University. The 2020/2021 budget goes into effect 1 July 2020. Nigeria's President, Muhammadu Buhari presented the 2021 Budget on 8 October 2020, to the Joint Session of the National Assembly. 8 Continued Declining Revenue Sharing . May 16, 2021. 2021 MOA Budget Overview & Highlights Assembly Worksession Presented by: Mayor Ethan Berkowitz Lance Wilber, Director of Office of Management & Budget October 9, 2020 1. Gross exports in 2020 is expected to rise slightly by 10 to RM10 trillion. In this report, we outline the main highlights and key initiatives for a “Resilient Bahamas: A Plan for Restoration” and how the Government plans to meet its budget objectives. The simplified tax policies introduced with effect from 1 January 2020 is expected to continue to better facilitate tax payers and make tax administration more efficient. September 18, 2019. Budget 2020 Highlights: Finance Minister Nirmala Sitharaman unveils theUnion Budget 2020 on 1st February 2020 at 11:00 hours in the parliament session. Summary and highlights from Singapore Budget 2020. The Union Budget of India for 2020–2021 (ISO: 2020 kē liē Bhārat kā Kēndrīya Bajaṭ) was presented by the Finance Minister, Nirmala Sitharaman on 1 February 2020, as her second budget. By. Irish businesses face extraordinary headwinds, and the Budget both reaffirms existing measures and Union Budget 2021: 10 important highlights. Budget: The Key Highlights. 1. The union budget means different things to different people. The key goals of . Highlights of the 2020-2021 Quebec Budget . State Grants Supporting Programs & Projects. Highlights of the Governor’s Proposed 2021-22 May Revision May 14, 2021 Assembly Budget Committee 7 General Fund Revenue Sources (in millions) Change from 2020-21 2020-21 2021-22 Dollar Change Percent Change Personal Income Tax $124,151 $123,298 -$853 … In 2021 budget she focuses on the six pillars of reviving the economy. Compared with a capex of Rs 4.12 lakh crore in Revised Estimate (RE) of 2020-21, she has hiked it 34.46 per cent to Rs 5.54 lakh crore in 2021-22. The DOR continues to operate under a Federal Order of Selection process, and will be providing services to individuals in Priority Category One, eligible individuals with the… Take a look: Related Videos. 2. Highlights of Union Budget 2020-21 as announced by the Finance Minister on 1 February 2021 The government has reduced the excise duty component to compensate for the additional cess. Post date. Year on year inflation is projected to reach 9% by the end of 2021 … This means a consolidated budget deficit of R370.5 billion, or 6.8 per cent of GDP in 2020/21. Union Budget 2021: 10 important highlights 1. An Expenditure Budget: Finance Minister Nirmala Sitharaman has found space for imparting a fiscal impulse in 2021-22. Compared with a capex of Rs 4.12 lakh crore in Revised Estimate (RE) of 2020-21, she has hiked it 34.46 per cent to Rs 5.54 lakh crore in 2021-22. Here are some highlights of the 2021 federal budget:. 800 million support for COVID-19. 2020 Budget Speech Gross national debt is projected to be R3.56 trillion, or 65.6 per cent of GDP by the end of 2020/21. Highlights Of AP Budget 2020-2021 Jun 16, 2020, 15:59 IST AMARAVATI: Andhra Pradesh Finance Minister Buggana Rajendranath Reddy on Tuesday presented the Budget for the year 2020-2021 in the state Legislative Assembly while Minister Pilli Subhash Chandra Bose presented it in the Legislative Council. WhatsApp. Take a look at a few highlights from Drakenstein Municipality's 2020/2021 budget! Budget 2020 Highlights - Union Budget 2020-21 PDF Download. Recommendation relating to Fiscal Year 2020-21 Budget, Northern Kentucky University, NOTE: To get all details, download full pdf report of 2020/2021 budget from : Kenya Budget Reports. Given the realities of a faltering economy following Hurricane Dorian and COVID-19, in the 2020/2021 budget, the Government made a bold commitment not to increase taxes. As such, total revenue for the budget year 2020/2021 is anticipated to be $1.7 billion which is down 15.7% compared to the previous fiscal year. Total: The total spending for the financial year 2020/21 amounts to a total of Ksh. The Governor’s Budget updates the Department’s FY 2020-21 budget to include $9.8 billion total funds ($5.9 billion General Fund [GF]) and includes $10.5 billion ($6.5 billion GF) for FY 2021-22; a net increase of $665.5 million ($587.7 million GF) over the updated FY 2020-21 budget. The 2020/21 budget targets revenue collection (including Appropriations-in-Aid) … Plan . The Key Highlights of Union Budget 2020-21 are as follows. 35,000 crore for COVID-19 vaccine in BE 2021-22 HIGHLIGHTS OF THE ENACTED FY 2020-2021 NEW YORK STATE BUDGET COVID-19 Preparedness & Response In March, New York led the nation by adopting early emergency response measures and allocating $40 million to address COVID-19. Continuing Middle Class Tax Cuts: This year's Enacted Budget continues to lower Personal Income Tax rates for middle-class New Yorkers.In 2020, the third year of the multi-year tax cuts enacted in 2016, income tax rates have been lowered from 6.85 percent to 6.09 percent for taxpayers in the $43,000-$161,550 income bracket, and to 6.41 percent in the $161,550-$323,200 income bracket. o Budget Highlights point out changes in the 2021 budget • Non-Departmental “Department” o Transfers are shown here, as well as many different payments to other agencies and city-wide expenditures o Some lines show zero in 2021. The Budget speech was given by the FM from 11 a.m. to 1 p.m. Union Minister of Finance presented the first ever digital Union Budget. It all adds up to going round in circles trying to make the ends meet for most citizens. The International Center for Policy and Conflict (ICPC) is calling for the FY2020/2021 budget overhauled. The FY 2020-2021 budget we have proposed today plants the seeds of hope and possibility that will lead to opportunity for future generations of Ohioans, for our investments today will help our fellow Ohioans live lives of self-sufficiency tomorrow. Gross exports in 2020 is expected to rise slightly by 10 to RM10 trillion. Budget Act 2020 vs. Budget Act 2021 (Dollars in Thousands) FUNDING SOURCE 2020 BUDGET ACT 2021 BUDGET ACT DIFFERENCE % Change . The State allots educator positions to a local school district for a Allotted 2020-21 1,560,710 specific purpose. Highlights of 2021 Budget Proposals Highlights of 2021 Budget Proposals His Excellency, the President of the Federal Republic of Nigeria, Muhammadu Buhari, GCFR, on Thursday, 8 October 2020, presented the 2021 Federal Government Budget Proposals before a joint sitting of the National Assembly (NASS). An Expenditure Budget: Finance Minister Nirmala Sitharaman has found space for imparting a fiscal impulse in 2021-22. Gov. For the year 2020-21: Nominal growth of GDP estimated at 10%. April 16, 2021. Tax revenue to reduce. Tax Adjustments To support growth, we propose no major tax increases. A good part of the borrowings for the financial year … 2021-22 Budget Act Highlights . Establishing Paid Sick Leave for Working New Yorkers: To further empower New York's workers and protect all consumers in the State, the FY 2021 Enacted Budget enacts a paid sick leave program for working New Yorkers. 2020 – 2021 academic year having completed the second of five years toward meeting strategic planning goals established in . 822. COVID-19 Pandemic. Budget 2020 Highlights - Union Budget 2020-21 PDF Download. FY 2021: Natural Resources -State -* State -----Revenues . Highlights of Budget 2020 – 2021. The 2020 national budget aims, in the face of the catalogued challenges that the country is going through, to stimulate the domestic economy. Budget highlights, 2021. percent. 2 Public School Type # in 2020 … The Budget took action on the difficult decisions that was a long time in coming, The summary 2021-22 Budget includes core operations and all entities Government controls. The Union Budget for 2020-21, to boost income and enhance their purchasing power. Inslee signed the 2021-2023 budget that prioritizes efforts to mitigate climate change, increase police accountability and transparency, while making progress on COVID-19 response and recovery, including significant funds to strengthen the public health system. The Chancellor opted to rely on fiscal drag to increase revenue, freezing rates either at current levels (Capital Gains Tax exemption, pension lifetime allowance, Inheritance Tax Nil Rate Bands, ISA and Junior ISA allowances) or after a single further inflationary increase from April 2021 as planned. For FY21, fiscal target seen at 3.5%.. Agriculture Irrigation. Highlights of Governor's Proposed 2021-22 Budget January 8, 2021 Assembly Budget Committee 4 EARLY ACTION The Governor includes two proposals for action during the 2020-21 fiscal year, with the expectation of revisiting the current year budget at two points in the remaining half of the fiscal year. Juma la Elimu, 31 Mei – 4 Juni, 2021, Rorya, Mara. Expenditure: The government proposes to spend Rs 34,83,236 crore in 2021-22. $21,594 224% Mkutano wa Kimataifa wa Ubora wa Elimu , Mei 18-20, 2021. Treasury Cabinet Secretary Ukur Yatani when he presented the Budget for FY 2020/2021 at Parliament Buildings. As such, total revenue for the budget year 2020/2021 is anticipated to be $1.7 billion which is down 15.7% compared to the previous fiscal year. The result is an expected deficit of $1.3 billion which has been cited as being “the largest deficit to be incurred by any Government in the history of The Bahamas”. Very respectfully yours, Mike DeWine . The August 2020 Forecast (Proposed Budget) estimates King County taxable sales of approximately $65 million in 2020, and less than $70 million in 2021, rising to less than $90 million by 2026. DDS Highlights – May 2020 (PDF – 8 Pages) Final Enacted Budget – July 2020 (PDF – 5 Pages) Regional Centers and Developmental Centers Estimate (PDF – 240 Pages) Proposed Payment Reductions (PDF – 2 Pages) 2020-2021 Governor’s Budget. Big measures: $101.4 billion in new spending over three years to … BUDGET 2021- HIGHLIGHTS. This budget proposal comes during an unprecedented time. Indeed, there is some real personal income tax relief. Budget highlights, 2021. January 15, 2020 Te Honorable Bill Ferguson and the Maryland State Senate ... FY 2020 FY 2021. To the man in the street it means a new price and tax regime and to the woman in the kitchen it means finding new ways of balancing the home budget. 2020-2021 May Revision. Samuel Gitonga - Jun 11, 2020. This budget proposal comes during an unprecedented time. The 2021 budget has a deficit of about N5.20tn approximately 3.64% of GDP. The General Revenue portion is $34.7 billion. The Key Highlights of Union Budget 2020-21 are as follows. BUDGET HIGHLIGHTS BUDGET TRANSMITTAL LETTER October 6, 2020 To the Honorable Mayor and City Council: I am pleased to transmit the 2021‐2022 Proposed Biennial Budget. As per the revised estimates, the government spent Rs 34,50,305 crore in 2020-21, 13% higher than the budget estimate. 2021 Appropriation Bill Budget 2021: Budget of Economic Recovery and Resilience. In 2021 budget she focuses on the six pillars of reviving the economy. The Union budget 2021-22 was announced by Finance Minister Nirmala Sitharaman on 1st Feb in the parliament. Below are the key highlights from the budget; 1. 2020/2021 Budget Highlights: Resetting the Economy for Growth On October 5, 2020 the Finance Minister Colm Imbert presented the 2020/21 Budget to the Parliament of Trinidad and Tobago. The Budget provides further relief for low income earners through an increase to the Low Income Tax Offset from $445 to $700. Net debt in 2021–22 is expected to be $9.69 billion lower than forecast in the 2020–21 Budget. 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