Print
this article |
Email
this article
Budgets,
Budgets, Budgets
The
2005-06 Budget season has begun with the release of
the Victorian, ACT and Northern Territory Budgets
on May 3 and the Federal Budget due to be brought
down next week.
Other
State Budgets are due to be released later in May
and June.
Here
we provide the highlights of the Victorian, ACT and
Territory Budgets. Summaries of other State Budgets
will be included in the May Newsletter.
Details
of the Federal Budget will be included in a Special
Newsletter to be published next week.
2005-06
Victorian Budget Highlights
Victorian
Treasurer, John Brumby, described the Budget as being
"about opportunity and prosperity",
saying: "It is about using the proceeds of
a strong and dynamic Victorian economy to invest for
the future - generating new opportunities and greater
prosperity across the State and making Victorian the
best place in Australia to raise a family."
Key
elements include:
Operating surplus of $365 million
in 2005-06
Expected economic growth of 3.0 percent
in 2005-06
Public sector savings across government
departments of $532 million over the next four years
$2.3billion for infrastructure investment,
including $473 million for health and community services
related infrastructure and redevelopment of the Royal
Children's Hospital, $300 million for the redevelopment
of the Melbourne Markets, $660 million for transport
infrastructure, $158 million for justice infrastructure
including a statewide police stations program and
$11 million towards the redevelopment of Melbourne
Olympic Park
Land tax cuts worth $23 million over
five years
Abolition of bank account debits tax
from 1 July 2005, at a cost of more than $250 million
a year
Abolition of rental business duty
from 1 January 2007, at a cost of around $65 million
a year
In education, $89 million to connect
every government school in the State to the SmartONE
fibre-optic broadband network, $94 million to build
or complete 16 new and replacement schools, $31 million
for new specialist facilities in secondary schools
and an $151 million for non-government schools
In health, a $578 million increase
in finding over the next four years, including a special
allocation of $30 million over two years for a "blitz"
on elective surgery waiting times for up to 10,000
patients experiencing long times to treatment, $8.5
million for a statewide Health Assist Line and$110
million rebuilding emergency departments across the
State
In
the area of community safety, the
Budget boast Victoria's crime rates is 23% below the
national average and provides $78 million to build
or complete 54 metropolitan and country police stations
and provide 12 new mobile police stations as well
as $57 million for resources to fight organised and
major crime
More
than $780 million has been provided over four years
to implement the Government's social policy
statement - A Fairer Victoria - which delivers
new support for families, children, indigenous Victorians,
young people at risk and the elderly
The First Home Bonus will
be extended for a further two years - providing a
$5000 grant until the end of December 2005 and a $3000
grant for an additional 18 months until 30 June 2007
In transport, over $660 million in
capital funding for the Metropolitan Transport Plan,
including $200 million boost for public transport
and roads in Melbourne's outer growth suburbs, $96
million investment in road and rail networks throughout
regional Victoria and $35 million over four years
to provide a 25 per cent discount on licence costs
to motorists who incur no demerit points in the three
years leading up to their renewal
A 10 percent cut to the average WorkCover
premium rate for 2005-06 to save Victorian
businesses $170 million and reduce the average rate
to 1.8 per cent – equal to the lowest level
in the scheme's history
A $106 million investment over five years in new innovative
energy technologies to ensure a secure
energy supply, maximise industry competitiveness and
reduce greenhouse
For the environment, an additional
$92 million for the protection and care of parks
Victorian
Treasurer, John Brumby's full Budget Speech is available
here
(1.3MB PDF file). The Victorian Government's special
budget web site including all Budget Papers is available
here.

2005-06
Australian Capital Territory Budget
ACT
Treasurer, Ted Qunilan, described the fourth Stanhope
Budget as delivering on the Government's commitments
while being "both financially responsible
and response to the needs to our community."
Key
elements include:
General government sector debt of
$91.5 million in 2005-06
Expected Gross State Product growth
of 1.8 percent in 2005-06
Expected jobs growth of 1.0 percent
in 2005-06
Increasing rates from 1 July 2005,
will be equal to an average of $104 per annum, or
$2 a week, for residential and rural properties and
an average of $312 for commercial properties. This
will generate an extra $13.8 million a year in revenue
$292.4 million for capital works,
comprising 77.5 million for new works and $215 million
for works in progress. Major projects include $6 million
to upgrade the Childers Street Precinct in City West,
$6 million establishment of a world-class recreational
forest of over 1,500 hectares, with facilities for
major sporting events at Stromlo Forest Park, additional
funding of $16.1m for the Gungahlin Drive Extension
and upgrades of fire systems at The Canberra Hospital
($2.6m) and Calvary Hospital ($1m)
In education, $677.899 million has
been provided, representing an increase of $13.2 million
on last year. Initiatives in this year's Budget include
$2 million for the School Building Renewal Fund to
provide additional capital funding to improve the
quality of school infrastructure, $1 million in funding
to support access and participation needs of students
with a disability and $1.150 million to increase preschool
hours recognising the benefits to children of early
learning experiences. Non-government school funding
is $147.6 million, representing an increase of $13.7
million
In training, the Budget commits
$103.4 million, providing 5,335,000 annual student
curriculum hours provided by the Canberra Institute
of Technology and other vocational education training
providers
In health, total expenses of $689.9
million has been allocated, including news funding
for the Elective Surgery Reform ($2m) to ensure patients
with the highest clinical need have timely access
to surgery, $278,000 for Dental Services to reduce
the denture and general anaesthetic waiting list and
$2 million for Hospital Equipment to increasing the
medical equipment replacement program
In
the area of community safety and justice,
the Budget allocates $103.9 million, including almost
$500,000 to create a new Human Rights Commission to
incorporate the functions of the Community and Health
Services Complaints Commissioner, the Discrimination
and Human Rights Commissioner, the Disability Services
Commission and includes establishing the office for
the Commissioner for Children and Young People
Policing
will receive $94.4 million, an increase of $3.5 million
and includes providing for 10 additional police positions
in 2007-08 and a further 10 in 2008-09 and providing
$100,000 for the initial development of a child protection
registration capability
In transport, $82.9 million has been
provided including $4.840 million for the Bus Replacement
Program to purchase an additional eleven new Compressed
Natural Gas (CNG), wheelchair accessible, air conditioned
buses and $923,000 for bus maintenance
In the area of sport and recreation,
the Budget provides$ 63.4 million, representing an
increase of $10.2, including $770,000 for maintaining
and improving Manuka Oval and $1.7 million to upgrade
Phillip Oval
ACT
Treasurer, Mr Ted Qunilan's full Budget Speech is
available here
(750KB PDF file). The ACT Government's special web
site including all Budget Papers is available here.

2005-06
Northern Territory Budget Highlights
Northern
Territory Treasurer, Sid Stirling, declared the Budget
was "backing Territorians", saying
it delivers "less tax, local jobs and better
skills." He states it delivers record tax
cuts as well as "record health, education
and police funding and record infrastructure spending
- to keep the Territory moving ahead."
Key
elements include:
Surplus of $46 million
in 2005-06
Expected Gross State Product growth
of 6.2percent in 2005-06
Expected jobs growth of 2 percent
in 2005-06
Record infrastructure spending of
$476 million, including $66 million for Power and
Water capital investment, 21.7 million for Auslink
Network, $7.3 million for Darwin City Waterfront and
Convention Centre
Payroll tax and stamp duty cuts worth
$40m million, including increasing the payroll tax
threshold to $1 million on July 1 2005 and to $1.25
million from 1 July 2006, with stamp duty concessions
for first home buyers to increase from $125,000 to
$200,000
Abolition of electronic debit transaction
duty from 1 July 2005, at a cost of $2.4
million
Abolition of debit tax from 1 July
2005, at a cost of around $6.2 million a year
In training, the Budget commits
to train 10,000 Territorians over the next four years.
Four new training initiatives are to be introduced,
including a Work Wear Work Gear cash bonus of up $500,
40 new vocational education and training scholarships
worth $4000 each, a Work Ready NT program boosting
funding for school to work transition ad a new Build
Skills program injecting money to improve skills of
existing workers
In education, a budget of $582 million,
including $266 million for early childhood and primary
schools, $139 million for Government secondary schools
and $81 million for non-government schools. The Budget
also supports the employment of an additional 100
teachers and $74 million for new and ongoing capital
works
In health, a total budget of $687
million, including $392 million for hospitals, $110
million for community health services and $87 million
for aged, disability and mental health services
In
the area of community safety, the
police, fire and emergency services budget is $189
million, including $200,000 for mobile police stations
in Darwin and Alice Springs and 25 additional police
vehicles for Aboriginal community police officers
Supporting
families the Budget provides $8.13
million for seniors and the pensioners concessions
scheme, $3.7 million to subsidise child care and $500,000
for family support services
A total of $28.9 million has been provide tourism
marketing and communications
In transport, $137 million for roads
and National Highways, including $15 million for upgrades
to the Victorian Highway
For the environment, $4.5 million
has been provided for the Office of Environment and
Heritage, $500,000 for the Mary River desalination
project, $300,000 for the Darwin Harbour Regional
Plan of Management and $1 million for heritage repairs
and maintenance
NT
Treasurer, Sid Stirling's full Budget Speech is available
here
(172KB PDF file). The NT Government's special web
site including all Budget Papers is available here.

Federal,
State and Territory Budget Dates
Victorian
Budget — 3 May 2005
ACT
Budget — 3 May 2005
Northern
Territory Budget — 3 May 2005
Federal
Budget — 10 May 2005
Tasmanian
Budget — 19 May 2005
NSW
Budget — 24 May 2005
South
Australian Budget — 26 May 2005
West
Australian Budget — 26 May 2005
Queensland
Budget — 7 June 2005