❓ Dr. Steve Thomas questions the Treasurer regarding a $1.5 billion provision for potential slippage in the asset investment program, inquiring about its calculation, affected projects, federal co-funding, and selection criteria. The Treasurer's response indicates the provision is a global adjustment based on Treasury's assessment, with no specific projects yet allocated.
AnsweredQoN 181Legislative Council
QuestionView source ↗
GOVERNMENT MID-YEAR FINANCIAL PROJECTIONS STATEMENT —
ASSET INVESTMENT PROGRAM
181. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
I
refer to the 2023–24 Government mid-year financial projections
statement referencing an asset investment program provision with the lines, ''A new $1.5
billion provision has been included to accommodate likely slippage in spending
in 2024–25 to 2026–27'' and ''This Mid-year
Review includes an update to this provision, with $1.5 billion of (as yet unidentified) project expenditure deferred from 2024–25 to 2026–27.''
(1) How was the
figure of $1.5 billion arrived at if specific project values had not been
assessed, calculated or workshopped?
(2) What projects are to be deferred
from 2024–25 to 2026–27 as a result of this slippage?
(3) Is federal co-funding available
to any of the projects in parts (2) and (4)?
(4) How were the
deferred projects selected for deferral, what was the deemed criteria for
deferral, and within what state electorates do the deferred projects lie?
ASSET INVESTMENT PROGRAM
181. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
I
refer to the 2023–24 Government mid-year financial projections
statement referencing an asset investment program provision with the lines, ''A new $1.5
billion provision has been included to accommodate likely slippage in spending
in 2024–25 to 2026–27'' and ''This Mid-year
Review includes an update to this provision, with $1.5 billion of (as yet unidentified) project expenditure deferred from 2024–25 to 2026–27.''
(1) How was the
figure of $1.5 billion arrived at if specific project values had not been
assessed, calculated or workshopped?
(2) What projects are to be deferred
from 2024–25 to 2026–27 as a result of this slippage?
(3) Is federal co-funding available
to any of the projects in parts (2) and (4)?
(4) How were the
deferred projects selected for deferral, what was the deemed criteria for
deferral, and within what state electorates do the deferred projects lie?
AnswerView source ↗
I thank the honourable member for
some notice of the question. The following answer has been provided on behalf
of the Treasurer.
(1)–(4) Adjustment
for potential slippage in the asset investment program is based on Treasury's
assessment of agency investment programs. No projects are specifically
allocated to this global provision.
some notice of the question. The following answer has been provided on behalf
of the Treasurer.
(1)–(4) Adjustment
for potential slippage in the asset investment program is based on Treasury's
assessment of agency investment programs. No projects are specifically
allocated to this global provision.
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