Payments made by or on behalf of the establishment in respect of borrowings (e.g. interest on bank overdraft) provided the establishment is permitted to borrow. This does not include the cost of equity capital (i.e. dividends on shares) in respect of profit-making private establishments.
Context:
Health expenditure:
This metadata item has been retained in the data set because of its significance for the private sector. Private profit-making establishments will seek to fund their operations either by loan borrowings (debt capital) or raising shares (equity capital). The cost of either can be significant, although the cost of the latter (that is, dividends on shares) would come out of profits.
Institutions, organisations or the community from which health services are provided. The term establishment covers conventional health establishments and also organisations which may provide services in the community.
National Housing Assistance Data Dictionary specific:
Recurrent expenditure on goods and services is expenditure, which does not result in the creation or acquisition of fixed assets (new or second-hand). It consists mainly of expenditure on wages, salaries and supplements, purchases of goods and services and consumption of fixed capital (depreciation).
When fees charged for goods and services are offset against recurrent expenditure, the result equates to final consumption expenditure in the Australian Bureau of Statistics' national accounts framework.
Includes:
Operating expenses
Tenancy manager revenue and expense components.
Source and reference attributes
Submitting organisation:
Australian Institute of Health and Welfare
Reference documents:
Australian Bureau of Statistics: Government Finance Statistics 1998, Cat. No. 5514.0
Data element concept attributes
Relational attributes
Data Elements implementing this Data Element Concept:
