Following the release of the South Australian Mid-Year Budget Review, the South Australian Government has published its amended funding programme for the year to June 2016. It was previously expecting to require $4.2 billion to cover maturing bonds and government spending but the figure has been revised down to $3.7 billion on the back of a now-expected 2015/2016 budget surplus of $400 million. Previously, the budget papers had been expecting a deficit of approximately $100 million but in spite of lower royalties and taxation, the state now expects a greater share of GST revenue, additional grant funds from the Commonwealth Government for roads and a $400 million dividend from the Motor Accident Commission.
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