2012-13 Government Mid-year Financial Projections Statement

APPENDIX 7Royalties for RegionsForecast spending by Royalties for Regions in 2012-13 is estimated to be $1,128 million,$6 million (or 0.5%) higher than the 2012-13 Budget presented to Parliament on17 May 2012.The table below provides an update of the projections for the Royalties for Regionsprogram. Notable changes to the program since the 2012-13 Budget include: the reflow of expenditure, caused by delays in the progress of projects from 2011-12into 2012-13 and subsequent years. Expenditure has also been rescheduled to moreaccurately reflect the current expected timing of expenditure in 2012-13 and theforward estimate years; anda forecast reduction to the Royalties for Regions program, flowing from the revisedoutlook for royalty income for the period 2013-14 to 2015-16.147