Guide

Understanding the impact of Royalties for Regions

3 Jul 2014
Description

The Royalties for Regions program commenced in Western Australia in 2008. The creation of the program represented a paradigm shift in how the royalties generated from the mining and petroleum industries were to be reinvested into the future of regional communities. The objective of the program is to promote and facilitate economic, business and social development in regional Western Australia through the operation of the Royalties for Regions Fund.

Monies allocated from this Fund are over and above existing or planned normal expenditure by Government agencies and are used to ensure basic Government services and infrastructure are provided in regional areas. Theprincipal areas of expenditure centre on regional infrastructure, headworks, local government and communityservices. The first year of the Royalties for Regions program, 2008 – 2009, saw expenditure of $197 million across a range of outcome areas in regionalWA. Within five years the amount of expenditure on Royalties for Regions initiatives had totalled well over $2.7 billion with a further $1 billion allocated and not yet expended.

Publication Details
Published year only: 
2014
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