Actual and Estimated Expenditure

1.8  With regard to the 15 projects covered in the 2008-09 MPR, Figure 5 presents details of each project's estimated and actual expenditure for the year 2008-09. The actual expenditure for the 15 projects at 30 June 2009 was $3.0 billion against estimated expenditure of $2.6 billion, an increase of 17 per cent related to the earlier than expected completion of project elements. For one project, the Super Hornet, the actual expenditure was 67 per cent higher than estimated due to the Foreign Military Sales (FMS) purchases being brought forward.

Figure 5

In-Year (2008-09) Projects' Forecast and Actual Expenditure ($m)

Sources:  2008-09 MPR and Portfolio Budget Statements.