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ARTICLE · 16 MAY 2013

Technology and Innovation: Budget Review

Federal Budget cuts have not affected the NBN and the Department of Broadband, Communication and the Digital Economy.

AustraliaGovernment, Public Sector

Federal Budget cuts have not affected the Department of Broadband, Communication and the Digital Economy. This is not surprising given the heavy investment in the National Broadband Network (NBN) and related programs. The Government has allocated a further $4.9 million to improve public understanding of the NBN, as well as $2.4 million to assist the Department in providing support during the rollout period. Recently the NBN rollout has undergone some delays and as a consequence of the delays the equity requirement from the Government has reduced from $4.7 billion to $2.6 billion this year. Over the next four years the Government intends to provide $21.4 billion in equity to NBN Co Limited to design, build and operate the NBN.

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