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Tuesday, 19 August 1980
Page: 4

Mr HOWARD (Bennelong) (Treasurer) - I move:

That the Bill be now read a second time.

This Bill seeks appropriations of the Consolidated Revenue Fund in 1980-81 totalling $1,756. 7m. The Bill provides for proposed expenditure on the construction of public works and buildings, the acquisition of sites and buildings, advances and loans, items of plant and equipment which are clearly identifiable as capital expenditure, grants to the States under section 96 of the Constitution, and new policy initiatives not previously authorised by special legislation.

Details of these proposed expenditures totalling $1,656. 7m are set out in Schedule 2 to the Bill. An amount of $100m is included in the Bill for the Advance to the Minister for Finance. Of the total provision of $1 ,756.7m, $771 .6m was authorised by Supply Act (No. 2) 1980-81, the balance of $985. lm being authorised by this Bill. The main features of the expenditure proposed in this Bill were outlined in my Budget Speech. I commend the Bill to honourable members.

Debate (on motion by Mr Young) adjourned.

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