Appendix F
Detailed economic forecasts for 2006‑07

The table below shows the Government's macroeconomic forecasts. The Australian economy is expected to record moderate growth in 2006‑07, following modest growth in 2005‑06.

More comprehensive information is provided in Statement 3, Budget Paper No. 1, Budget Strategy and Outlook 2006‑07.

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Table: Detailed economic forecasts for 2006-07

(a) Percentage change on preceding year unless otherwise indicated.

(b) Calculated using original data.

(c) Chain volume measures.

(d) Excluding second-hand asset sales from the public sector to the private sector.

(e) Percentage point contribution to growth in GDP.

(f) For presentational purposes, inventories held by privatised marketing authorities are included with the inventories of the farm sector and public marketing authorities.

Source: Australian Bureau of Statistics and Treasury.

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32 2006‑07 Budget Overview