The ICT impact: Budget 2011 by numbers

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The ICT impact: Budget 2011 by numbers
Treasurer Wayne Swan.

John Hilvert breaks down the winners and losers.

Treasurer Wayne Swan's Federal Budget for 2011/12 was arguably more conservative than his last, but in sum there was more spending on ICT programs than cuts.

Overall, the Federal Government applied the brakes on some spending programs - with $22 billion in cuts announced versus $9 billion in funding announcements.

The deficit nonetheless came in at $49.4 billion for 2010/11, is projected to continue to track higher than previous estimates in 2011/12 (at $22.6 billion) before the Government's promised surplus in 2012/13.

These figures relied on bullish predictions of Real GDP growth at four percent in 2011/2012 and 3.75 percent in 2012/13, due largely to a flourishing mining and resources sector.

ICT Projects announced:

 

ICT spending cuts:

Based on the crude summary of all the ICT project funding announcements iTnews pulled out of the Budget papers this year and last year, investment in ICT has slowed - with around $1.2 billion of projects announced last year's Budget versus $770 million for 2011/12.

What were your thoughts on the Budget? Comment below.

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