Capital expenditure
The estimate of capital expenditure by all levels of government was $1,070.5m in 2011-12, an increase of 20% from 2010-11 ($894.8m). In general, capital expenditure fluctuates more than recurrent expenditure due to its project based nature.
The majority of capital expenditure was by the state and territory governments at $699.9m (65% of total capital expenditure) while the Australian Government spent $165.7m and local government outlaid $204.8m in 2011-12 (15% and 19% of total capital expenditure respectively).
CULTURAL EXPENDITURE, Recurrent and Capital, By level of government
- 2011-12