2.3 In-year Budget Expenditure Variance

Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

 

 

 

FMS

The variation is due to the earlier than programmed payment for the Support System Detail Design Review, which was originally programmed in FY 2011-12. Offsetting this is the slippage, to next FY, of the payment for the Delta Detail Design Review and Training Readiness Review for Group 1.

(14.8)

Overseas Industry

 

Local Industry

13.3

Brought Forward

 

Cost Savings

 

FOREX Variation

 

Commonwealth Delays

58.5

57.0

(1.5)

Total Variance