Statement 6: Expenses and net capital investment
Australian Government general government sector expenses are expected to grow in real terms in 2007-08 and over the forward estimates period to 2010-11 (Table 1). Expenses are forecast to remain steady at 21.5 per cent of GDP in 2007-08, and are projected to increase to 21.8 per cent of GDP in 2010-11.
Table 1: Estimates of expenses
- As published in the Mid-Year Economic and Fiscal Outlook 2006-07.
- Real growth is calculated using the non-farm GDP deflator.