Australian Government, 2008‑09 Budget
Budget Paper No. 1 Cover

Budget Paper No. 1

Budget Strategy and Outlook 2011‑12

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Provides and overview of the economic and fiscal outlook. Discusses the Government's budget priorities and fiscal strategy.

Provides a discussion of economic developments since the 2010 MYEFO. Discusses the outlook for the domestic and international economies, and provides economic forecasts.

Provides a discussion of the Government's fiscal strategy, the major budget aggregates and changes in the fiscal outlook since the 2010‑11 MYEFO. Provides a discussion on the sensitivity of budget estimates to changes in the economic conditions.

The statement discusses the opportunities and challenges of an economy in transition.

A discussion of the changes in the revenue outlook since the 2010‑11 MYEFO.

A discussion of Australian Government expenses and net capital investment, including changes since the 2010‑11 MYEFO.

Discusses the Australian Government’s financial position and covers the management of the major assets and liabilities on its balance sheet.

Discusses a range of factors that pose a risk to the actual budget outcome in future years. These risks include fiscal risks and contingent liabilities.

Discusses reporting standards, budget concepts and major budget aggregates.

Reports historical data for the Australian Government fiscal aggregates across the general government, public non financial corporations and non-financial public sectors.

* Some tables in this statement have been corrected since originally published on 10 May 2011.

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