House of Assembly - Fifty-Fifth Parliament, First Session (55-1)
2023-08-30 Daily Xml

Contents

Uncommitted Capital Reserves

In reply to Mr McBRIDE (MacKillop) (29 June 2023). (Estimates Committee B)

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

The 2023-24 budget announced new investing expenditure initiatives in the general government sector totalling $839 million over the period 2023-24 to 2026-27, in addition to $26 million in 2022-23.

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 investing contingency provisions for future budgets.

Details of each of the individual capital investing initiatives funded in the 2023-24 budget are presented, by agency, in the 2023-24 Budget Measures Statement.