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House of Assembly - Fifty-First Parliament, Third Session (51-3)
2009-07-14 Daily Xml
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OPERATING AND INVESTING INITIATIVES

317 Dr McFETRIDGE (Morphett) (21 October 2008).

1. What is the net lending breakdown per project of 'operating and investing initiatives' for the 2008-09 budget?

2. Which projects have contributed to the $1 billion increase in net lending within the department and by how much?

3. For each departmental government expenditure item, what percentage will be financed by borrowings in 2008-09 and each forward year?

The Hon. P.F. CONLON (Elder—Minister for Transport, Minister for Infrastructure, Minister for Energy): I provide the following information:

1. The net lending breakdown per project of 'operating and investing initiatives' for the 2008-09 budget is detailed in Table 2.9, pages 2.20 to 2.22 inclusive, of the 2008-09 Budget Statement, Budget Paper 3.

2. Details of the projects that have contributed to the $1 billion increase in net lending within the Department are provided in Table 2.9, pages 2.20 to 2.22 inclusive, of the 2008-09 Budget Statement, Budget Paper 3.

3. The Treasurer has provided the following information:

Over the period from 2002-03 to 2007-08 general government net debt reduced from $1.3 billion at 30 June 2002 to negative $276 million at 30 June 2008. The government is delivering record spending on infrastructure over the forward estimates. Borrowings are not attributed to agencies or individual projects. No information is available on the proportion of agency or project spending funded from borrowings.

Over the next four years the general government sector is forecast to spend $5.6 billion on infrastructure projects, with net debt estimated to grow to $2.2 billion by 2011-12 to accommodate this growth.

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