20/05/2010 - 14:54

Budget: Room to move for infrastructure

20/05/2010 - 14:54

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The state government has funded the key projects it has announced during the year, with fiscal restraint and rising royalty income allowing it to include infrastructure spending without blowing the budget.

The state government has funded the key projects it has announced during the year, with fiscal restraint and rising royalty income allowing it to include infrastructure spending without blowing the budget.

There is $392 million for the Perth City Link and $21 million to fund planning for the foreshore development.

There is also the $339 million on Oakajee, $111 million for the Browse gas precinct and $83 million to develop a rectangular sports stadium.

In broader terms, infrastructure spending remains enormous with the state's Asset Investment Program costing $7.6 billion in 2010-11, up from $7.2 billion this year.

That includes $890 million for hospitals in the next year and $1 billion on schools.

Part of the Royalties for Region's Pilbara Cities budget, $310 million over four years, has also been earmarked for infrastructure projects, though they would be in partnership with the Commonwealth or private sector.

And there is funding for the relocation of the WA Ballet and the WA Symphony Orchestra.

However, this expenditure does come at a cost, even if isn't recurrent spending.

Debt will continue to grow, almost doubling from $11.36 billion this financial year to $20.1 billion in 2013-14.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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