This part presents the main budget aggregates for the 2005‑06 Budget and reconciles these with estimates from the 2004‑05 MYEFO. It includes the budget financial statements and outlines the sensitivity of the budget estimates to the uncertainty of the economic parameters.

More detail on budget revenue and expenses is included in Statements 5 and 6.

This part discusses the outlook for the domestic and international economies.

This part also discusses the Australian economy’s recent strong performance and the scope to sustain our prosperity. Policies and choices that support rapid productivity growth and widespread participation in the economy and society can further the wellbeing of all Australians.