The Government has once again announced a range of measures to invest in key infrastructure projects in each State and Territory. Critical investments are, in particular, being made in new and existing road, rail and community infrastructure projects.
Key commitments
The Budget has announced a number of material spending initiatives to infrastructure projects. The key commitments by jurisdiction are as follows:
Key Commitments
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INDIVIDUAL
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Example
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Australian Capital Territory
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The Government has allocated funding of:
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Queensland
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Large Projects
Other Key Investments include:
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New South Wales
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Northern Territory
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South Australia
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Tasmania
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The Government is providing funding of:
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Western Australia
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The Government has committed:
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Victoria
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Key Investment areas
In addition to the spending measures outlined above, the Budget has outlined a range of broad spending measures on additional infrastructure projects. The key areas of investment are:
Areas of investment
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INDIVIDUAL
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Example
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Affordable housing
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The Government has committed to $1.9 billion for state affordable housing services, consisting of $1.7 billion through the National Housing and Homelessness Agreement and $187.5 million through National Partnership payments |
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State Infrastructure Projects
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The Australian Government will provide funding of $15.5 billion to support state infrastructure projects. The key commitments include:
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Closing the gap - further investment
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To provide access to essential infrastructure, the Government has committed:
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National Water Grid Fund
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Better funded national broadcasters
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The Government will provide $7.7 billion over 5 years from 2023–24 to support Australia’s national broadcasters, including $6.0 billion for the Australian Broadcasting Corporation (ABC) and $1.8 billion for the Special Broadcasting Service (SBS). Key funding includes:
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Building a better future through considered infrastructure investment
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The Government will provide $1.8 billion over 10 years from 2023–24 for infrastructure priorities to support productivity and jobs. Key funding includes:
The Government will also provide:
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Funding for Territories
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The Government will provide $31.1 million over 4 years from 2023–24 (and $1.0 million per year ongoing) to support the delivery of essential services and infrastructure to the Indian Ocean Territories and Norfolk Island. Key funding includes:
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Heavy Vehicle Road User Charge – increase
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The Government will increase the Heavy Vehicle Road User Charge rate from 27.2 cents per litre of diesel by 6 per cent per year over 3 years from 2023–24 to 32.4 cents per litre in 2025–26. This will decrease expenditure on the fuel tax credit by $1.1 billion over 4 years from 2023–24. |
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National Approach for Sustainable Urban Development
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The Government will provide $687.4 million over 6 years from 2022–23 for a national approach to sustainable urban development in Australia. Key funding includes:
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Cultural Policy – National Collecting Institutions – sustainability
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The Government will provide $535.3 million over 4 years from 2023–24 (and $118.3 million per year ongoing) to support the operations and long-term financial sustainability of 9 National Collecting Institutions. Key funding includes:
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Online safety
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The Government will provide an additional $134.1 million over 4 years (and $33.7 million per year ongoing, in addition to the existing base funding of $10.3 million per year ongoing) for the Office of the eSafety Commissioner to continue to support Australians online, including through enhanced educational, outreach and investigatory activities. |
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Reducing Transport Emissions
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The Government will provide $20.9 million over 5 years from 2022–23 for initiatives to decarbonise the transport and infrastructure sectors and support achieving our net zero by 2050 target. Key funding includes:
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Supporting Transport Priorities
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The Government will provide $267.4 million over 7 years from 2022–23 to support land, maritime and aviation transport priorities, including to increase productivity and maintain safety across the sectors. Key funding includes:
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