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Federal Budget good for South Australia.



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Media Release

37/2007 8 May 2007

Federal Budget good for South Australia

The 2007-08 Federal Budget includes a number of measures which will benefit South Australia, the Minister for Finance and Administration and Liberal Senator for SA, Senator Nick Minchin, said today.

“Along with the responsible economic management approach of the Howard Government, this Budget shows that the Australian Government is looking after the needs of South Australians and committed to ensuring SA continues to grow and prosper,” Senator Minchin said.

“In particular, our GST reforms will result in SA receiving a net gain of $1.4 billion over the next three financial years, even after the revenue from a number of abolished taxes has been taken into account.”

Budget measures specific to South Australia include:

• Defence: $32.7 million for new infrastructure to allow the RAAF’s new C17 fleet to utilise RAAF Edinburgh and $22.9 million in defence facilities funding, including $2m for interim facilities for 87 Squadron at RAAF Edinburgh and $20.9m on estate upkeep at Woomera, RAAF Edinburgh, Hampstead Barracks, Murray Bridge Training Area and Woodside Barracks. The Budget also confirms ongoing funding for the construction of three Air Warfare Destroyers by ASC Pty. Ltd.; • Roads: $194.7 million in 2007-08 for SA roads, including $68m for

the Northern Expressway and Port Wakefield Road upgrade, $19.3m to continue the upgrade of the Sturt Highway, $29.4m for road maintenance and $3.5m under the AusLink Black Spot programme, which will be spent on fixing 23 priority crash locations. The Government will also provide $57m over four years to SA councils for local roads funding in addition to the funds provided for local roads through financial assistance grants; • Universities: SA universities including the University of SA, Flinders

University and Adelaide University will share in the new $5 billion Higher Education Endowment Fund, as well as other national programmes which will provide additional funding for key disciplines, particularly in areas of skills need; • Health: $10 million for the Flinders Centre for Innovation in Cancer

(to be located at the Flinders Medical Centre, Flinders University, Bedford Park) as part of a nationwide programme to fund the development and expansion of medical research facilities, which will enhance the capacity and quality of health and medical research and help our researchers continue high-quality world-class research; • Fighting bushfires: SA will receive $425,000 under the Bushfire

Mitigation Programme, which helps fund fire trails and other measures to make it quicker and easier for firefighters to get bushfires under control; • Sport: $25 million will be provided towards the redevelopment of the western grandstand at Adelaide Oval, which will now proceed following the SA Government’s announcement last week of matching funding, and $700,000 was provided to the 2007 World Police and Fire Games in Adelaide; • Adelaide Showground: $35 million for the Royal Agricultural and Horticultural Society of South Australia to replace Centennial Hall at the Showground as part of a broader $180m redevelopment, with

the new hall to be used for a wide range of events, trade shows and exhibitions; • Labour assistance: $1.5 million over three years for assistance to SA automotive workers and extend coverage to SA GM workers

affected by the redundancies announced on 5 March 2007, and $2.3 million over four years to ensure support for workers being retrenched from Mitsubishi’s SA manufacturing operations (these programmes will provide retrenched workers with improved access to Job Network and Job Seeker services, relocation assistance and self-employment assistance under the New Enterprise Incentive Scheme).

“I also announced earlier this year that $1.1 million would be provided to the Museum of Economic Botany in Adelaide Botanic Gardens to support the Museum’s role as a centre for public scientific exhibitions and a resource for science teaching and learning,” Senator Minchin said.

“This Budget’s tangible benefits for South Australia are in addition to the responsible economic management by the Howard Government, which has kept our economy strong and resulted in record low unemployment and high growth in real wages.”

Media Contact: Senator Minchin's Office - Simon Troeth (02) 6277 7400/ 0439 300 335

Website:

www.financeminister.gov.au