Question Without Notice No. 181 asked in the Legislative Council on 19 March 2024 by Hon Dr Steve Thomas
Parliament: 41 Session: 1
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?
Hon STEPHEN DAWSON replied:
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.