2.3 In-year Budget Expenditure Variance

Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

 

 

 

FMS

DMO directive to reduce Australian industry contracted labour involvement in project management; engineering and testing activities resulted in lower local industry use than planned. Integrated Logistics System remediation, Advanced Processor Build (APB) software development and Defence Science and Technology Organisation (DSTO) Capital reduction have also contributed to the overall budget reduction this financial year.

(Table does not sum precisely due to rounding)

 

 

 

Overseas Industry

 

 

(1.5)

Local Industry

 

 

 

Brought Forward

 

 

 

Cost Savings

 

 

 

FOREX Variation

 

 

 

Commonwealth Delays

4.8

3.2

(1.5)

Total Variance