• 2017-18 Government Mid-year Financial Projections Statement

    The 2017-18 Government Mid-year Financial Projections Statement (or Mid-year Review) updates the economic assumptions and financial projections detailed in the State Budget that was presented to the Legislative Assembly on 7 September 2017.

    The Mid-year Review shows that: 

    • the general government operating deficit for 2017-18 is now forecast to be $2.6 billion, with total general government expenses in 2017-18 remaining unchanged at $30.8 billion;
    • consistent with Budget time projections, the operating outlook is expected to improve over the forward estimates, with declining deficits in 2018-19 and 2019-20 before a return to an operating surplus of $926 million in 2020-21; and
    • total public sector net debt is forecast to be $42.8 billion by 30 June 2021, down $854 million since Budget. 

    Full details are available in the Mid-year Review.  


    Published date: 20 December 2017

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