Uncommitted Capital

In reply to Mr COWDREY (Colton) ((17 June 2022).). (Estimates Committee B)

The Hon. S.C. MULLIGHAN (Lee—Treasurer): The following information is provided on behalf of all Ministers:

The 2022-23 Budget announced new investing expenditure initiatives in the general government sector totalling $3.4 billion over the period 2022-23 to 2025-26, in addition to $44 million in 2021-22. These were partially funded by $761 million of revenue, mainly reflecting initiatives that would be partially funded by the commonwealth government.

The unallocated investing contingency provision (and its use) is not budgeted at an agency or project level, rather it is adjusted at a whole of government level as part of the annual budget process. While the government has used some of the budgeted investing contingency provision to support its budget initiatives, it has retained an appropriate level of unallocated investing contingency provisions for future budgets.

Details of each of the individual investing initiatives funded in the 2022-23 budget are presented, by agency, in the 2022-23 Budget Measures Statement.