GRDC is entering this RD&E 2023-28 Plan period in a strong financial position. Over the life of this plan, GRDC will continue to make significant investments in research development and extension (RD&E) aligned to strategic pillars and focus areas to deliver on its purpose.
Income and expenses
While financial modelling cannot take into consideration any unforeseen environmental or legislative change impacts, GRDC expects to invest more than $1 billion over the five years of this plan. GRDC will actively monitor and manage budget across the life of the plan, reporting any variance between forecast and actual income and expenditure through the GRDC Annual Operating Plan and Annual Report.
GRDC budget forecast 2023-24 to 2027-28 ($'000)
|Operating surplus/deficit||1,928||- 17,628||- 30,185||- 27,447||- 29,774|