• Quarterly Financial Results Report - March 2017

    This Quarterly Financial Results Report provides financial results for the Western Australian public sector for the nine months to 31 March 2017.

    While care should be exercised in extrapolating the likely outcome for the 2016-17 year based on the results to date, the March results are broadly consistent with the full-year estimates contained in the 2016-17 Pre-election Financial Projections Statement (released on 9 February 2017).

    The general government sector recorded an operating deficit of $1,934 million for the nine months to 31 March 2017, compared to a $2,077 million deficit reported for the same period in 2015-16.

    • Revenue for the nine months to 31 March 2017 was $949 million (or 5%) higher when compared to the revenue collected in the same period in 2015-16, largely due to higher royalty income driven by higher iron ore prices.
    • General government expenses totalled $21,832 million for the nine months to 31 March 2017, up $806 million (or 3.8%) on the same period last year. 

    With a range of works on major projects completed, or near completion, infrastructure spending for the first nine months of 2016-17 totalled $3.4 billion, $160 million (or 4.5%) lower than the amounts reported for the same period in 2015-16.

     

    Published date: 29 May 2017