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Australian Government Coat of Arms

Budget | 2014-15

Budget 2014-15
Australian Government Coat of Arms, Budget 2014-15
  1. budget.gov.au
  2. 2014‑15
  3. Budget Paper No. 2
  4. Part 3: Capital Measures
  5. Finance

Part 3: Capital Measures (continued)

Finance

Smaller Government — Surplus Commonwealth Properties — divestment

Capital ($m)
  2013-14 2014-15 2015-16 2016-17 2017-18
Department of Finance ‑ ‑15.2 ‑9.3 ‑0.4 ‑
Related expense ($m)
Department of Finance ‑ 2.2 0.1 0.1 ‑

The Government will achieve savings of $22.5 million over three years through the progressive sale of a number of non‑Defence surplus Commonwealth properties.

The savings from this measure will be redirected by the Government to repair the Budget and fund policy priorities.

The Lodge refurbishment — additional funding

Capital ($m)
  2013-14 2014-15 2015-16 2016-17 2017-18
Department of Finance ‑ nfp ‑ ‑ ‑

The Government will provide additional funding to finalise essential maintenance and refurbishment work for the Lodge which commenced in 2013. The cost of this measure is not for publication due to commercial‑in‑confidence considerations.

This measure extends on the 2013‑14 Budget measure titled Maintenance work for the Lodge and the John Gorton Building.