This part discusses the changes in the revenue outlook since the 2004‑05 MYEFO.

This part examines short to medium term trends in the expenses and net capital investment estimates. The changes since the 2004‑05 Budget and MYEFO are also detailed.

More detail on the budget measures is provided in Budget Paper No. 2.

This part also discusses the management of Australian Government debt including the impact of the Future Fund.