• 2016-17 Annual Report on State Finances

    The 2016-17 Annual Report on State Finances outlines the final outcomes for the Western Australian public sector, and details the major variations arising between the forecasts detailed in the original 2016-17 State Budget (handed down 12 May 2016), the expected outturn detailed in the recent 2017-18 Budget (presented to Parliament on 7 September 2017), and the final outcomes recorded for the year ending 30 June 2017.

    In line with expectations, the general government sector recorded an operating deficit of $2.5 billion in 2016‑17.

    • general government revenue grew by $428 million (or 1.6%) in 2016-17. This growth follows two consecutive years of declining revenue and is primarily driven by higher royalty income and grants from the Commonwealth, partially offset by lower taxation collections and revenue from public corporations.
    • general government recurrent expenditure increased by 3.1%, with salaries expenditure increasing by just 2%.
    • infrastructure spending during 2016-17 totalled $5.1 billion, mainly reflecting spending on electricity infrastructure, public housing, roads, hospitals and schools.
    • Total public sector net debt increased to $32 billion at 30 June 2017, This outcome is $536 million lower than the estimate at the time of the 2017-18 Budget.

    Table and Chart Data – Chapter 1  Appendices 1, 2, 3, 4, 5, 6, 7, 8

    Published date: 22 September 2017

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