Treasurer Wayne Swan's Federal Budget for 2011/12 was arguably more conservative than his last, but in sum there was more spending on ICT programs than cuts.
Overall, the Federal Government applied the brakes on some spending programs - with $22 billion in cuts announced versus $9 billion in funding announcements.
The deficit nonetheless came in at $49.4 billion for 2010/11, is projected to continue to track higher than previous estimates in 2011/12 (at $22.6 billion) before the Government's promised surplus in 2012/13.
These figures relied on bullish predictions of Real GDP growth at four percent in 2011/2012 and 3.75 percent in 2012/13, due largely to a flourishing mining and resources sector.
ICT Projects announced:
ICT spending cuts:
Based on the crude summary of all the ICT project funding announcements pulled out of the Budget papers this year and last year, investment in ICT has slowed - with about $1.2 billion of projects announced last year's Budget versus $770 million for the next fiscal year.
What were your thoughts on the Budget? Comment below.
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Issue: 315 | May 2013
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