The annual budget cycle of the Queensland Government includes a Capital Statement. This statement presents an overview of proposed capital outlays by each Queensland Government department each year, as well as a summary of the government’s approach to infrastructure provision. Capital outlays are broken down into capital purchases (including acquisitions under finance leases) and capital grants.
The level of capital expenditure over the 2017–18 forward estimates is forecast to exceed $42 billion, with growth largely attributable to additional infrastructure investment associated with the state infrastructure fund.
Historically, Queensland Government agencies have been unable to spend the approved capital funds in the budget period. This increases the risk of government assets not being able to effectively support the delivery of key social services, or to support the state’s development, the needs of local communities, and local employment opportunities.
The state’s budget sector has underspent its capital program by more than $7.7 billion (14 per cent) over the last five financial years.