Outstanding financial statements relating to pensions, confiscated criminal cash and the Government?s debt repayment fund were tabled in the House of Assembly on Friday by Deputy Premier.

The Finance Minister presented the statements for the Contributory Pension Fund 2003, Ministers and Members of the Legislature Pension Fund 2004, Confiscated Assets Fund 2004 and 2005 and Government Borrowing Sinking Fund 2006.

Ms Cox said the Contributory Pension Fund ? which provides state pensions ? had net assets in 2003 available for benefits of almost 12 times the current benefits payments. She said that was ?significantly higher than other countries? national social insurance schemes?. ?Net assets available for benefits increased in 2003 by approximately $75 million from 2002 levels,? she said.

She said the politicians? pension fund had net assets available in 2004 for benefits of almost 21 times the current pension benefit payments. The net assets available for benefits increased that year by about $183,884 from 2003 levels.

The Confiscated Assets Fund ? which contains money obtained under the Proceeds of Crime Act 1997 ? had $179,645 in equity at the end of March 2005.

The value of the Government Sinking Fund ? set up for the repayment of Government borrowing ? was $51.5 million at the end of March 2006, representing almost a quarter of the total debt outstanding.