Hawker Britton Occasional Paper

South Australian Budget

June, 2009

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On Thursday 4 June, South Australian Treasurer Kevin Foley introduced the state’s 2009-10 Budget.

Below is a summary of some of the major announcements contained in the 2009-10 Budget.  For more information, please feel free to contact your Hawker Britton consultant.

Overview

Importantly, in the Budget’s wake Ratings agency Standard and Poor’s reconfirmed South Australia’s Triple-A credit rating.

A key Budget aim is supporting 14000 jobs with significant investments in capital works – South Australian public transport, water security, roads, schools and hospitals are all earmarked for funding increases.

Among the Budget’s highlights are:

$20 million for a Renewable Energy Fund to support the research, development and commercialisation of renewable energy technologies.

Capital works

Major capital works projects announced in the Budget include:

Metropolitan Rail Network

The South Australian Government will spend $1.5billion over the next four years upgrading the metropolitan rail network.  This includes $585 million from the Federal Government to expand rail infrastructure and services to Seaford and to accelerate the upgrade of the Gawler line.

Significantly, South Australia is spending up to $84million on other new projects, including the purchase of new electric cars for the Seaford line.

Other issues relevant to public transport infrastructure in South Australia include:

Health

The Budget also contained an increase in new health spending, with highlights including:

Indigenous South Australians

The South Australian Government also made a series of announcements for Indigenous South Australians, which include:

Regional Issues

Among Budget initiatives for South Australia’s regional communities are proposals to improve water security, including:

Among other announcements for regional communities were:

For further details on any of the above policy announcements, please contact your Hawker Britton consultant.

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