State Budget Breakdown

Public news

The State Government has delivered its 2023/24 Budget, headlined by large investments in health and housing, but also delaying South Australia’s surplus by one year.

For the automotive industry we have secured several wins and successful submissions, including $63 million of investments in overall skills funding. The MTA’s expertise and unique connection to industry positions us well to take advantage of this.

It is broken down in particular by:

  • $28 million in training subsidies over four years for not for profit and industry-based training providers to address skills shortages
  • $9 million for equipment and capital grants to support training providers to invest in infrastructure upgrades such as the MTA’s state-of-the-art EV Training Centre
  • $4.2 million over four years to continue the Group Training Organisation (GTO) Boost program to support mature age apprentices to make a successful transition to the skilled workforce.


    • The State Government has also made investments for small business, including:

  • $650 energy subsidies for 86,000 small businesses
  • Establishment of a Small Business Strategy


    • On the transport and motorist front, the government will invest in several areas:

  • $3.8 million for Rider Safe reform for motorcycle training education and assessment that focuses on awareness and decision making
  • $122,000 per annum for the implementation of an ultra-high powered vehicle licensing scheme
  • $10 million for regional road safety measures including tactile lines and barriers
  • $6.2 million in road safety campaigns
  • $5.5 million per annum to ensure the continuation of bus services in regional SA
  • The government affirmed its commitment to the continuation of the Adelaide 500



    • Treasurer Stephen Mullighan and Premier Peter Malinauskas delivered their 2023/24 Budget

    On the economic front, the forecast budget surplus will be replaced by a $249 million deficit, which the government attributes to increased health spending, the flood response and lower than expected GST revenue. The budget is now forecast to return to surplus in the next financial year.

    The MTA will continue to monitor the latest updates and advise how they may affect your business.

    You can contact the MTA Policy and Advocacy Team here should you want to raise any issues or have any questions.

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