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Budget highlights for the ACT.



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9 May 2000 M-BUDGET003/2000

BUDGET HIGHLIGHTS FOR THE ACT "The ACT is expected to receive around $471 million in GST revenue and a further $362 million in payments from the Commonwealth in 2000-01," the Minister for Regional Services Territories and Local Government, Senator Ian Macdonald, said today.

"The introduction of the GST and the new Commonwealth-State financial arrangements will provide the ACT with access to a more robust tax base which will grow over time to ensure that its budget is substantially better off over the medium term".

Roads

"More than $16 million will be spent on ACT roads, the majority of which, about $13 million, goes to the ACT Government to spend according to its own priorities.

On top of that, the Commonwealth is funding other major projects like:

the $78 million duplication of the Federal Highway, which is on track to be finished before the Sydney Olympics ●

the duplication of the Barton highway in the ACT to respond to the Gunghalin development. ● the Bookham bypass, south of Yass on the Hume Highway ● and the final 30 kms of duplication down to the Sturt Highway junction. ●

Senator Macdonald said "The planning of the Murrumbateman bypass on the Barton Highway is also going ahead. All of these road projects will boost the economies of the ACT and Region and make road transport safer and more reliable."

National Capital payments

"The Commonwealth will also pay $28.7 million to the ACT as two Specific Purpose Payments to assist in meeting the additional costs it bears from Canberra’s role as the National Capital," Senator Macdonald said.

"These two payments make sure the ACT residents who benefit from the beautiful national capital setting do not carry an unfair financial burden to pay for it," he said.

The Commonwealth compensates the ACT for the rating disability it has because of the large number of national institutions in the ACT and the extra costs, including water and sewerage mains, resulting from the design and layout of Canberra in its open space ‘bush capital’ setting.

National Capital initiatives include $2.1 million in 2000-2001 towards the $4 million Commonwealth funding for the extension, refurbishment and development of a new exhibition at the National Capital Exhibition building at Regatta Point in Canberra. The ACT Government has contributed $1 million towards the extension of the building to enable it to establish an ACT and Region Business Promotion Centre within the extended complex. These works have commenced and will be completed in time for the Sydney Olympics.

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$2.9 million in 2000-2001 towards a $3.4 million Commonwealth initiative for interpretive signs and new lighting in ANZAC Parade during 2000/2001. This work will enhance the visitor experience on the National Capital’s premier ceremonial parade.

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$3 million Commonwealth funding for the first stage of a new public place in the heart of the Parliamentary Zone of Canberra to be completed during 2000-2001. With a working title of Commonwealth Place, this funded project will create a space that welcomes visitors, encourages events, gatherings and celebrations and provides a forum for the Australian people.

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"The Budget result for the ACT is first rate," Senator Macdonald said. "Combined with the business community’s work in attracting new business opportunities, it will ensure that growth and investment in the ACT continues."

 

Note: The way that the GST affects Budget estimates, accounting statements and appropriations is described in Budget Paper No. 4.

 

Media Contact: David Moore: (07) 4771 3066 / (0417) 774 724

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© Commonwealth of Australia 2000 Last updated:  Tuesday, 09 May 2000