Quarterly Financial Results Report - March 2018
This Quarterly Financial Results Report provides financial results for the Western Australian public sector for the nine months to 31 March 2018.
While care should be exercised in extrapolating the likely outcome for the 2017-18 year based on the results to date. The March results are broadly consistent with the full-year estimates contained in the 2018-19 Budget (released on 10 May 2018), with the nine months to 31 March 2018 showing a stabilisation in own-source revenue and continued subdued growth in general government expenses.
The general government sector recorded an operating deficit of $1,285 million for the nine months to 31 March 2018, compared to a $1,934 million deficit reported for the same period in 2016-17.
- Revenue for the nine months to 31 March 2018 was $950 million (or 4.8%) higher when compared to the revenue collected in the same period in 2016-17, largely due to higher dividend income, Commonwealth funding and sales of goods and services.
- General government expenses totalled $22,133 million for the nine months to 31 March 2018, up $301 million (or 1.4%) on the same period last year.
Infrastructure spending for the first nine months of 2017-18 totalled $3.2 billion, $184 million (or 5.4%) higher than the amounts reported for the same period in 2016-17.
Published date:
22
May
2018