IBISWorld forecasts public sector capital expenditure to increase by 1.0% in 2024-25 to reach $128.4 billion. Federal and state government capital expenditure growth is anticipated to drive this trend. The Federal Budget has prioritised investments in areas like building more homes, improving public transport and strengthening national defence. These initiatives all require significant capital expenditure for infrastructure projects and equipment acquisition.
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Capital Expenditure by the Public Sector
Published: July 31, 2024
Key Metrics
Definition of Capital Expenditure by the Public Sector
This report analyses the level of public sector expenditure on fixed capital. This includes spending by all government levels (federal, state and local) and any public corporations. The data for this report is sourced from the Australian Bureau of Statistics and is measured in billions of seasonally adjusted, constant 2020-21 dollars.
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Recent Trends – Capital Expenditure by the Public Sector
The Federal Government committed an additional $1.5 billion to the Local Roads and Community Program, with the total commitment rising to $3 billion in 2022-23. In addition, the government is investing an additional $3.1 billion in the Melbourne Intermodal Terminal Package.
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5-Year Outlook – Capital Expenditure by the Public Sector
IBISWorld forecasts public sector capital expenditure to decrease b...
