Budget Speech 2025

Madam Speaker, we have reconfigured the BFI to run multiple bid windows instead of just one annual window.

Earlier this week, we published a call for proposals under the new system.

The first window is now open and will close mid-April. The next window will open soon thereafter.

Financing decisions to determine the appropriate fiscal mechanism to support projects have also been separated from the evaluation and budget processes.

This will facilitate the mobilising of significant private finance and improve allocative efficiency in fiscal support.