To assess Australia’s fiscal sustainability and budget challenges it is important to look at the budget position of not only the Commonwealth but also states and territories. This report examine the revenue, expenditure, net capital investment, net financial worth and the net debt position across all levels of Australian government over the forward estimates period. Providing an update to the national fiscal outlook based on Commonwealth and state government budget updates.
Foreword
This report provides an update to the national fiscal outlook based on Commonwealth and state government 2016–17 budgets. It focusses on changes in the fiscal balance and net debt since the release of 2015–16 Commonwealth and state mid-year fiscal updates.
The report focusses on the general government sector. The data underlying it are available from the PBO website. To allow for the most consistent comparison across jurisdictions, data are sourced from the Australian Bureau of Statistics (ABS) from 2005–06 to 2014–15 (the most recent ABS observation).
From 2015–16 to 2019–20 data are sourced from Commonwealth, state and territory budgets and mid-year updates.
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