Net capital investment

Total net capital investment for 2005-06 was $1.1 billion, which is $171 million higher than estimated in the 2006-07 Budget. This primarily reflects additional expenditure on a number of major capital facility projects for the Defence portfolio including the redevelopment of the Williamstown and Holsworthy facilities. These were partially offset by a reduction in net purchases of other non-financial assets included in the portfolios of Transport and Regional Services; Attorney-General’s; Education, Science and Training; and Finance and Administration.

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