Australian Government, 2013-14 Budget
Budget

Statement 10: Historical Australian Government Data (Continued)

Deflating real spending growth by the consumer price index

The 2013‑14 Budget, including the historical series, calculates real spending growth using the Consumer Price Index (CPI) as the deflator. This is also the benchmark against which the Government's fiscal strategy is based. Prior to the 2008‑09 Budget the non‑farm GDP (NFGDP) deflator was used and has therefore been shown in this statement for comparative purposes.

The use of the CPI, rather than the non‑farm GDP deflator, provides a more accurate depiction of real government spending growth, especially in the current economic climate. The non‑farm GDP deflator incorporates fluctuations in global commodity prices which are not relevant for Government expenditures. Therefore, deflating government spending by the non‑farm GDP deflator distorts trends in real spending growth.

Table 1: Australian Government general government sector receipts, payments, net Future Fund earnings and underlying cash balance(a)
  Receipts(b)   Payments(c)      Net Future Fund earnings   Underlying cash balance(d)
  $m Per cent of GDP   $m Per cent real growth (CPI) Per cent real growth (NFGDP deflator)(f) Per cent of GDP   $m   $m Per cent of GDP
1970-71 8,290 20.6   7,389 na na 18.3   -   901 2.2
1971-72 9,135 20.5   8,249 4.1 4.7 18.6   -   886 2.0
1972-73 9,735 19.6   9,388 7.7 7.8 18.9   -   348 0.7
1973-74 12,228 20.3   11,078 4.2 3.6 18.4   -   1,150 1.9
1974-75 15,643 22.0   15,463 19.9 14.5 21.7   -   181 0.3
1975-76 18,727 22.5   20,225 15.7 13.5 24.3   -   -1,499 -1.8
1976-77 21,890 22.8   23,157 0.6 1.9 24.1   -   -1,266 -1.3
1977-78 24,019 22.9   26,057 2.7 3.3 24.8   -   -2,037 -1.9
1978-79 26,129 22.0   28,272 0.3 2.8 23.8   -   -2,142 -1.8
1979-80 30,321 22.5   31,642 1.5 2.1 23.5   -   -1,322 -1.0
1980-81 35,993 23.6   36,176 4.6 3.6 23.7   -   -184 -0.1
1981-82 41,499 23.6   41,151 2.9 0.5 23.4   -   348 0.2
1982-83 45,463 24.0   48,810 6.3 6.2 25.8   -   -3,348 -1.8
1983-84 49,981 23.4   56,990 9.4 9.7 26.7   -   -7,008 -3.3
1984-85 58,817 25.0   64,853 9.1 8.4 27.5   -   -6,037 -2.6
1985-86 66,206 25.4   71,328 1.5 3.4 27.4   -   -5,122 -2.0
1986-87 74,724 26.2   77,158 -1.1 0.8 27.0   -   -2,434 -0.9
1987-88 83,491 25.7   82,039 -0.9 -0.3 25.3   -   1,452 0.4
1988-89 90,748 24.7   85,326 -3.1 -4.3 23.2   -   5,421 1.5
1989-90 98,625 24.4   92,684 0.6 1.7 22.9   -   5,942 1.5
1990‑91 100,227 24.1   100,665 3.1 3.8 24.2   -   -438 -0.1
1991‑92 95,840 22.6   108,472 5.7 6.0 25.6   -   -12,631 -3.0
1992‑93 97,633 22.0   115,751 5.6 5.9 26.0   -   -18,118 -4.1
1993‑94 103,824 22.2   122,009 3.5 4.3 26.1   -   -18,185 -3.9
1994‑95 113,458 22.9   127,619 1.4 2.6 25.7   -   -14,160 -2.9
1995‑96 124,429 23.5   135,538 1.9 3.3 25.6   -   -11,109 -2.1
1996‑97 133,592 24.0   139,689 1.7 1.5 25.1   -   -6,099 -1.1
1997‑98 140,736 23.9   140,587 0.6 -0.6 23.9   -   149 0.0
1998‑99 152,063 24.5   148,175 4.1 4.7 23.8   -   3,889 0.6
1999‑00 166,199 25.1   153,192 1.0 0.8 23.1   -   13,007 2.0
2000‑01 182,996 25.9   177,123 9.1 10.7 25.1   -   5,872 0.8
2001‑02 187,588 24.8   188,655 3.5 4.2 25.0   -   -1,067 -0.1
2002‑03 204,613 25.5   197,243 1.4 1.6 24.6   -   7,370 0.9
2003‑04 217,775 25.3   209,785 3.9 2.9 24.4   -   7,990 0.9
2004‑05 235,984 25.6   222,407 3.5 1.9 24.1   -   13,577 1.5
2005‑06 255,943 25.7   240,136 4.6 2.8 24.1   51   15,757 1.6
2006‑07 272,637 25.2   253,321 2.5 0.6 23.4   2,127   17,190 1.6
2007‑08 294,917 25.1   271,843 3.8 2.7 23.1   3,319   19,754 1.7
2008‑09 292,600 23.3   316,046 12.7 10.3 25.2   3,566   -27,013 -2.2
2009‑10 284,662 22.0   336,900 4.2 5.6 26.1   2,256   -54,494 -4.2
2010‑11 302,024 21.5   346,102 -0.4 -3.1 24.7   3,385   -47,463 -3.4
2011‑12 329,874 22.4   371,032 4.8 5.4 25.2   2,203   -43,360 -2.9
2012‑13(e) 350,410 23.0   367,286 -3.2 -1.1 24.2   2,501   -19,377 -1.3
2013‑14(e) 375,993 23.5   391,198 4.3 4.3 24.5   2,838   -18,043 -1.1
2014‑15(e) 401,171 23.9   409,149 2.2 2.7 24.4   2,910   -10,888 -0.6
2015‑16(p) 428,931 24.3   424,969 1.4 1.5 24.0   3,112   849 0.0
2016‑17(p) 453,642 24.4   443,748 1.9 2.1 23.8   3,304   6,591 0.4

(a) Data have been revised in the 2013‑14 Budget to improve accuracy and comparability through time.

(b) Receipts are equal to receipts from operating activities and sales of non‑financial assets.

(c) Payments are equal to payments for operating activities, purchases of non‑financial assets and net acquisition of assets under finance leases.

(d) Underlying cash balance is equal to receipts less payments, less net Future Fund earnings. For the purposes of consistent comparison with years prior to 2005‑06, net Future Fund earnings should be added back to the underlying cash balance.

(e) Estimates.

(f) Real spending growth using the non‑farm GDP deflator has not been used as the relevant measure of real spending growth since 2007‑08, and is included for comparative purposes only.

(p) Projections.

Table 2: Australian Government general government sector taxation receipts, non‑taxation receipts and total receipts(a)
  Taxation receipts   Non-taxation receipts   Total receipts(b)
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
1970-71 7,193 17.8   1,097 2.7   8,290 20.6
1971-72 7,895 17.8   1,240 2.8   9,135 20.5
1972-73 8,411 16.9   1,324 2.7   9,735 19.6
1973-74 10,832 18.0   1,396 2.3   12,228 20.3
1974-75 14,141 19.9   1,502 2.1   15,643 22.0
1975-76 16,920 20.3   1,807 2.2   18,727 22.5
1976-77 19,714 20.5   2,176 2.3   21,890 22.8
1977-78 21,428 20.4   2,591 2.5   24,019 22.9
1978-79 23,409 19.7   2,720 2.3   26,129 22.0
1979-80 27,473 20.4   2,848 2.1   30,321 22.5
1980-81 32,641 21.4   3,352 2.2   35,993 23.6
1981-82 37,880 21.6   3,619 2.1   41,499 23.6
1982-83 41,025 21.7   4,438 2.3   45,463 24.0
1983-84 44,849 21.0   5,132 2.4   49,981 23.4
1984-85 52,970 22.5   5,847 2.5   58,817 25.0
1985-86 58,841 22.6   7,365 2.8   66,206 25.4
1986-87 66,467 23.3   8,257 2.9   74,724 26.2
1987-88 75,076 23.1   8,415 2.6   83,491 25.7
1988-89 83,452 22.7   7,296 2.0   90,748 24.7
1989-90 90,773 22.4   7,852 1.9   98,625 24.4
1990‑91 92,739 22.3   7,488 1.8   100,227 24.1
1991‑92 87,364 20.6   8,476 2.0   95,840 22.6
1992‑93 88,760 20.0   8,873 2.0   97,633 22.0
1993‑94 93,362 20.0   10,462 2.2   103,824 22.2
1994‑95 104,921 21.1   8,537 1.7   113,458 22.9
1995‑96 115,700 21.8   8,729 1.6   124,429 23.5
1996‑97 124,559 22.4   9,033 1.6   133,592 24.0
1997‑98 130,984 22.2   9,752 1.7   140,736 23.9
1998‑99 138,420 22.3   13,643 2.2   152,063 24.5
1999‑00 151,313 22.9   14,887 2.2   166,199 25.1
2000‑01 170,354 24.1   12,641 1.8   182,996 25.9
2001‑02 175,108 23.2   12,481 1.7   187,588 24.8
2002‑03 192,131 24.0   12,482 1.6   204,613 25.5
2003‑04 206,091 24.0   11,683 1.4   217,775 25.3
2004‑05 223,314 24.2   12,669 1.4   235,984 25.6
2005‑06 241,215 24.2   14,728 1.5   255,943 25.7
2006‑07 257,392 23.8   15,245 1.4   272,637 25.2
2007‑08 278,376 23.7   16,540 1.4   294,917 25.1
2008‑09 272,627 21.7   19,973 1.6   292,600 23.3
2009‑10 260,973 20.2   23,689 1.8   284,662 22.0
2010‑11 280,839 20.0   21,185 1.5   302,024 21.5
2011‑12 309,943 21.0   19,931 1.4   329,874 22.4
2012‑13(e) 326,297 21.5   24,113 1.6   350,410 23.0
2013‑14(e) 354,854 22.2   21,140 1.3   375,993 23.5
2014‑15(e) 377,751 22.5   23,419 1.4   401,171 23.9
2015‑16(p) 405,809 23.0   23,121 1.3   428,931 24.3
2016‑17(p) 431,494 23.2   22,149 1.2   453,642 24.4

(a) Data have been revised in the 2013‑14 Budget to improve accuracy and comparability through time.

(b) Receipts are equal to receipts from operating activities and sales of non‑financial assets.

(e) Estimates.

(p) Projections.

Table 3: Australian Government general government sector net debt and net interest payments(a)
  Net debt(b)    Net interest payments(c)
  $m Per cent
of GDP
  $m Per cent
of GDP
1970-71 344 0.9   -189 -0.5
1971-72 -496 -1.1   -245 -0.6
1972-73 -790 -1.6   -252 -0.5
1973-74 -1,851 -3.1   -286 -0.5
1974-75 -1,901 -2.7   -242 -0.3
1975-76 -341 -0.4   -330 -0.4
1976-77 898 0.9   -62 -0.1
1977-78 2,896 2.8   4 0.0
1978-79 4,983 4.2   254 0.2
1979-80 6,244 4.6   440 0.3
1980-81 6,356 4.2   620 0.4
1981-82 5,919 3.4   680 0.4
1982-83 9,151 4.8   896 0.5
1983-84 16,015 7.5   1,621 0.8
1984-85 21,896 9.3   2,813 1.2
1985-86 26,889 10.3   3,952 1.5
1986-87 29,136 10.2   4,762 1.7
1987-88 27,344 8.4   4,503 1.4
1988-89 21,981 6.0   4,475 1.2
1989-90 16,123 4.0   4,549 1.1
1990‑91 16,915 4.1   3,636 0.9
1991‑92 31,041 7.3   3,810 0.9
1992‑93 55,218 12.4   3,986 0.9
1993‑94 70,223 15.0   5,628 1.2
1994‑95 83,492 16.8   7,292 1.5
1995‑96 95,831 18.1   8,861 1.7
1996‑97 96,281 17.3   9,489 1.7
1997‑98 82,935 14.1   8,279 1.4
1998‑99 72,065 11.6   8,649 1.4
1999‑00 53,869 8.1   7,514 1.1
2000‑01 42,719 6.0   6,195 0.9
2001‑02 38,180 5.1   5,352 0.7
2002‑03 29,047 3.6   3,758 0.5
2003‑04 22,639 2.6   3,040 0.4
2004‑05 10,741 1.2   2,502 0.3
2005‑06 -4,531 -0.5   2,303 0.2
2006‑07 -29,150 -2.7   228 0.0
2007‑08 -44,820 -3.8   -1,015 -0.1
2008‑09 -16,148 -1.3   -1,196 -0.1
2009‑10 42,283 3.3   2,386 0.2
2010‑11 84,551 6.0   4,608 0.3
2011‑12 147,334 10.0   6,609 0.4
2012‑13(e) 161,603 10.6   8,238 0.5
2013‑14(e) 178,104 11.1   7,835 0.5
2014‑15(e) 191,552 11.4   8,405 0.5
2015‑16(p) 191,172 10.8   9,752 0.6
2016‑17(p) 185,662 10.0   7,726 0.4

(a) Data have been revised in the 2013‑14 Budget to improve accuracy and comparability through time.

(b) Net debt is equal to the sum of deposits held, government securities, loans and other borrowing, minus the sum of cash and deposits, advances paid and investments, loans and placements.

(c) Net interest payments are equal to the difference between interest paid and interest receipts.

(e) Estimates.

(p) Projections

Table 4: Australian Government general government sector revenue, expenses, net capital investment and fiscal balance(a)
  Revenue    Expenses    Net capital investment   Fiscal balance(b)
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
1996‑97 141,688 25.4   145,821 26.2   90 0.0   -4,223 -0.8
1997‑98 146,820 24.9   148,652 25.2   147 0.0   -1,979 -0.3
1998‑99 152,106 24.5   146,772 23.6   1,433 0.2   3,901 0.6
1999‑00 167,304 25.3   155,558 23.5   -69 0.0   11,815 1.8
2000‑01 186,110 26.3   180,094 25.5   8 0.0   6,007 0.8
2001‑02 190,488 25.2   193,041 25.6   382 0.1   -2,935 -0.4
2002‑03 206,923 25.8   201,259 25.1   287 0.0   5,377 0.7
2003‑04 222,168 25.8   215,361 25.1   660 0.1   6,148 0.7
2004‑05 242,507 26.3   229,245 24.9   1,034 0.1   12,228 1.3
2005‑06 261,238 26.3   242,334 24.4   2,498 0.3   16,406 1.6
2006‑07 278,411 25.7   259,276 23.9   2,333 0.2   16,801 1.6
2007‑08 303,729 25.8   280,188 23.8   2,593 0.2   20,948 1.8
2008‑09 298,933 23.8   324,612 25.9   4,064 0.3   -29,743 -2.4
2009‑10 292,767 22.7   340,208 26.3   6,433 0.5   -53,875 -4.2
2010‑11 309,890 22.1   356,353 25.4   5,297 0.4   -51,760 -3.7
2011‑12 338,109 22.9   378,005 25.6   4,850 0.3   -44,746 -3.0
2012‑13(e) 359,961 23.7   381,439 25.1   -1,212 -0.1   -20,266 -1.3
2013‑14(e) 387,749 24.3   398,301 24.9   2,945 0.2   -13,497 -0.8
2014‑15(e) 411,612 24.5   415,663 24.8   2,204 0.1   -6,255 -0.4
2015‑16(p) 438,097 24.8   431,015 24.4   1,126 0.1   5,955 0.3
2016‑17(p) 468,569 25.2   454,747 24.4   3,003 0.2   10,819 0.6

(a) Data have been revised in the 2013‑14 Budget to improve accuracy and comparability through time.

(b) Fiscal balance is equal to revenue less expenses less net capital investment.

(e) Estimates.

(p) Projections.

Table 5: Australian Government general government sector net worth and net financial worth(a)
  Net worth(b)    Net financial worth(c)
  $m Per cent
of GDP
  $m Per cent
of GDP
1999‑00 -7,046 -1.1   -67,036 -10.1
2000‑01 -6,618 -0.9   -71,876 -10.2
2001‑02 -11,655 -1.5   -78,032 -10.3
2002‑03 -15,330 -1.9   -82,931 -10.4
2003‑04 -1,152 -0.1   -72,389 -8.4
2004‑05 14,556 1.6   -58,882 -6.4
2005‑06 17,971 1.8   -59,763 -6.0
2006‑07 46,351 4.3   -35,696 -3.3
2007‑08 70,859 6.0   -14,690 -1.2
2008‑09 19,427 1.5   -71,490 -5.7
2009‑10 -45,938 -3.6   -144,485 -11.2
2010‑11 -95,386 -6.8   -198,787 -14.2
2011‑12 -247,208 -16.8   -355,834 -24.1
2012‑13(e) -161,112 -10.6   -271,396 -17.8
2013‑14(e) -173,458 -10.9   -286,077 -17.9
2014‑15(e) -175,860 -10.5   -290,933 -17.3
2015‑16(p) -168,182 -9.5   -285,119 -16.1
2016‑17(p) -155,969 -8.4   -275,099 -14.8

(a) Data have been revised in the 2013‑14 Budget to improve accuracy and comparability through time.

(b) Net worth is equal to total assets less liabilities.

(c) Net financial worth is equal to financial assets less liabilities.

(e) Estimates.

(p) Projections.

Table 6: Australian Government general government sector accrual taxation revenue, non‑taxation revenue and total revenue(a)
  Taxation revenue   Non-taxation revenue   Total revenue
  $m Per cent
of GDP
  $m Per cent
of GDP
  $m Per cent
of GDP
1999‑00 153,408 23.2   13,896 2.1   167,304 25.3
2000‑01 175,881 24.9   10,228 1.4   186,110 26.3
2001‑02 178,210 23.6   12,278 1.6   190,488 25.2
2002‑03 195,203 24.4   11,720 1.5   206,923 25.8
2003‑04 209,959 24.4   12,209 1.4   222,168 25.8
2004‑05 229,943 25.0   12,564 1.4   242,507 26.3
2005‑06 245,716 24.7   15,522 1.6   261,238 26.3
2006‑07 262,511 24.2   15,900 1.5   278,411 25.7
2007‑08 286,229 24.4   17,500 1.5   303,729 25.8
2008‑09 278,653 22.2   20,280 1.6   298,933 23.8
2009‑10 268,000 20.7   24,767 1.9   292,767 22.7
2010‑11 289,005 20.6   20,885 1.5   309,890 22.1
2011‑12 316,779 21.5   21,330 1.4   338,109 22.9
2012‑13(e) 338,727 22.3   21,234 1.4   359,961 23.7
2013‑14(e) 366,664 23.0   21,085 1.3   387,749 24.3
2014‑15(e) 390,606 23.3   21,006 1.3   411,612 24.5
2015‑16(p) 415,974 23.5   22,122 1.3   438,097 24.8
2016‑17(p) 445,595 23.9   22,974 1.2   468,569 25.2

(a) Data have been revised in the 2013‑14 Budget to improve accuracy and comparability through time.

(e) Estimates.

(p) Projections.

Table 7: Australian Government cash receipts, payments and surplus by institutional sector ($m)(a)
  General government    Public non-financial corporations   Non-financial public sector  
  Receipts(b) Payments(c) Underlying cash balance(d)   Receipts(b) Payments(c) Cash surplus(d)   Receipts(b) Payments(c) Underlying cash balance(d)
1988-89 90,748 85,326 5,421   4,177 6,035 257   93,923 90,312 5,678
1989-90 98,625 92,684 5,942   3,926 11,322 -5,261   101,495 102,883 681
1990‑91 100,227 100,665 -438   4,804 9,351 -2,139   103,837 108,808 -2,577
1991‑92 95,840 108,472 -12,631   3,899 7,713 101   97,937 114,369 -12,530
1992‑93 97,633 115,751 -18,118   4,385 7,819 -196   100,512 122,042 -18,314
1993‑94 103,824 122,009 -18,185   5,178 6,476 1,482   106,747 126,214 -16,703
1994‑95 113,458 127,619 -14,160   5,262 7,318 1,956   116,751 132,965 -12,204
1995‑96 124,429 135,538 -11,109   4,927 8,190 -527   126,593 140,963 -11,636
1996‑97 133,592 139,689 -6,099   4,782 7,373 473   135,259 143,948 -5,626
1997‑98 140,736 140,587 149   6,238 7,923 1,119   144,517 145,985 1,268
1998‑99 152,063 148,175 3,889   na na -353   na na 3,536
1999‑00 166,199 153,192 13,007   na na -2,594   na na 10,413
2000‑01 182,996 177,123 5,872   na na 391   na na 6,264
2001‑02 187,588 188,655 -1,067   na na 1,210   na na 143
2002‑03 204,613 197,243 7,370   27,386 26,105 1,280   na na 8,650
2003‑04 217,775 209,785 7,990   27,718 26,142 1,575   238,236 227,099 9,564
2004‑05 235,984 222,407 13,577   29,621 28,071 1,550   257,946 241,577 15,128
2005‑06 255,943 240,136 15,757   30,875 31,874 -999   278,254 263,445 14,759
2006‑07 272,637 253,321 17,190   16,882 18,641 -1,759   285,336 267,778 15,431
2007‑08 294,917 271,843 19,754   7,758 8,232 -473   300,503 277,903 19,281
2008‑09 292,600 316,046 -27,013   7,987 8,960 -973   297,421 321,841 -27,986
2009‑10 284,662 336,900 -54,494   8,419 9,341 -922   290,681 343,841 -55,416
2010‑11 302,024 346,102 -47,463   8,558 9,733 -1,175   308,258 353,511 -48,638
2011‑12 329,874 371,032 -43,360   8,845 10,847 -2,002   336,122 379,282 -45,362
2012‑13(e) 350,410 367,286 -19,377   10,247 13,140 -2,892   358,366 378,133 -22,269
2013‑14(e) 375,993 391,198 -18,043   10,805 15,667 -4,862   385,029 405,096 -22,905
2014‑15(e) 401,171 409,149 -10,888   na na na   na na na
2015‑16(p) 428,931 424,969 849   na na na   na na na
2016‑17(p) 453,642 443,748 6,591   na na na   na na na

(a) Data have been revised in the 2013‑14 Budget to improve accuracy and comparability through time.

(b) Receipts are equal to receipts from operating activities and sales of non‑financial assets.

(c) Payments are equal to payments for operating activities, purchases of non‑financial assets and net acquisition of assets under finance leases.

(d) These items exclude net Future Fund earnings from 2005‑06 onwards. Net Future Fund earnings are shown in Table 1.

(e) Estimates.

(p) Projections.

na Data not available.

Table 8: Australian Government accrual revenue, expenses and fiscal balance by institutional sector ($m)(a)
  General government     Public non-financial corporations   Non-financial public sector  
  Revenue Expenses Fiscal balance(b)   Revenue Expenses Fiscal balance(b)   Revenue Expenses Fiscal balance(b)
1996‑97 141,688 145,821 -4,223   27,431 26,015 -331   na na -4,554
1997‑98 146,820 148,652 -1,979   29,618 26,999 2,360   na na 387
1998‑99 152,106 146,772 3,901   27,687 26,088 -816   175,891 168,963 3,080
1999‑00 167,304 155,558 11,815   25,485 23,542 1,062   188,841 173,889 12,983
2000‑01 186,110 180,094 6,007   25,869 24,762 -826   207,372 200,184 5,248
2001‑02 190,488 193,041 -2,935   26,638 25,341 793   212,518 213,693 -2,060
2002‑03 206,923 201,259 5,377   24,339 22,916 1,975   226,135 219,129 7,314
2003‑04 222,168 215,361 6,148   25,449 23,444 2,143   241,873 233,077 8,275
2004‑05 242,507 229,245 12,228   26,965 25,191 1,473   263,587 248,549 13,703
2005‑06 261,238 242,334 16,406   28,143 29,531 -2,442   282,597 264,923 14,121
2006‑07 278,411 259,276 16,801   15,443 16,360 -1,763   290,067 271,735 15,153
2007‑08 303,729 280,188 20,948   6,854 6,686 -584   309,215 285,426 20,443
2008‑09 298,933 324,612 -29,743   6,998 7,576 -1,495   303,733 329,948 -31,195
2009‑10 292,767 340,208 -53,875   7,288 7,297 -1,079   298,412 344,893 -53,985
2010‑11 309,890 356,353 -51,760   7,563 7,787 -1,446   315,688 362,122 -52,952
2011‑12 338,109 378,005 -44,746   8,046 8,238 -2,158   344,507 384,329 -46,639
2012‑13(e) 359,961 381,439 -20,266   9,055 9,828 -3,143   367,233 389,484 -23,409
2013‑14(e) 387,749 398,301 -13,497   9,973 11,677 -5,218   396,205 408,462 -18,716
2014‑15(e) 411,612 415,663 -6,255   na na na   na na na
2015‑16(p) 438,097 431,015 5,955   na na na   na na na
2016‑17(p) 468,569 454,747 10,819   na na na   na na na

(a) Data have been revised in the 2013‑14 Budget to improve accuracy and comparability through time.

(b) Fiscal balance is equal to revenue less expenses less net capital investment. Net capital investment is not shown in this table.

(e) Estimates.

(p) Projections.

na Data not available.

Note: Where possible, Budget documents are available in HTML and for downloading in Portable Document Format(PDF). If you require further information on any of the tables or charts on this website, please contact The Treasury.