The 2019-20 Federal Budget will be handed down this evening amidst a recent flurry of funding announcements and commitments. It is worth noting that many of these are allocation of funds from the current year Budget, which contained the $1 billion Urban Congestion Fund (UCF).
We will be looking for a continuation of the UCF to help catch up with infrastructure demand in growth areas.
Members will recall the UCF was created partly in response to NGAA’s consistent call for dedicated funding for transport infrastructure in growth areas. While recent announcements indicate the UCF has been used as a discretionary fund for the Minister for Cities, Urban Infrastructure and Population rather than being subject to a competitive process, it has nevertheless delivered much needed funding to a number of important projects in growth areas.
We will also be looking for funding allocations connected to the Government’s recently-released Planning for Australia’s Future Population. The Plan includes:
What we’ll be looking for in tonight’s Budget:
As detailed in NGAA’s 2019-20 Federal Budget Submission, we sought commitments in five key areas:
1. Reform and Rebalance
2. People and Place-based Investment
3. Connect Communities
4. Accelerate Economic Transition
5. Innovate: funding, financing and governance mechanisms
We will report on outcomes for growth areas later this evening and tomorrow.
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