Net capital investment

Total net capital investment for 2004-05 was $147 million, which is $505 million lower than the estimate provided in the 2005-06 Budget. This primarily reflects a delay in the purchase of non-financial assets of $280 million including in the portfolios of Foreign Affairs and Trade, Attorney-General’s, and Defence; and an increase in depreciation of $131 million due mainly to a number of significant property revaluations by the Department of Defence.

Table 4: Australian Government general government sector net capital investment by function

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