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.
Overview
- This annual publication provides a national perspective on the fiscal outlook and a complete picture of the size of general government by examining outcomes across all levels of Australian government.
- The national fiscal outlook has improved since last year and is projected to strengthen over the forward estimates but there are risks to the outlook.
- State infrastructure investment is projected to grow strongly over the next two years,flowing through to aggregate state net debt, which more than doubles.
Download the full report above.
For further information:
2018-19 National fiscal outlook: At a Glance
This year a complementary product – the 2018‐19 National Fiscal Outlook at a Glance – provides a graphical snapshot of each of the Commonwealth, state and territory budgets in three charts.