Budget 2019

The Treasury's Economic and Fiscal Forecasts

Summary of fiscal indicators

Table 15 - Summary of fiscal indicators

Year ending 30 June 201
Actual
2019
Forecast
2020
Forecast
2021
Forecast
2022
Forecast
2023
Forecast
$billions            
Core Crown tax revenue 80.2 84.7 89.2 95.1 100.2 105.6
Core Crown expenses 80.6 87.3 93.3 98.9 101.7 105.7
Total Crown OBEGAL 5.5 3.5 1.3 2.1 4.7 6.1
Total Crown operating balance 8.4 (0.3) 4.7 5.9 9.0 10.9
Core Crown residual cash 1.3 (2.8) (4.2) (4.3) (0.6) 1.2
Net core Crown debt 57.5 60.3 64.7 69.2 69.9 68.5
Gross debt 88.1 83.3 86.8 88.4 96.8 92.9
Total borrowings 115.7 112.1 118.1 121.2 131.3 130.6
Net worth attributable to the Crown 129.6 130.0 134.7 140.7 149.8 160.8
% of GDP            
Core Crown tax revenue 27.8 28.2 28.2 28.5 28.6 28.8
Core Crown expenses 27.9 29.1 29.4 29.6 29.0 28.8
Total Crown OBEGAL 1.9 1.2 0.4 0.6 1.3 1.7
Total Crown operating balance 2.9 (0.1) 1.5 1.8 2.6 3.0
Core Crown residual cash 0.5 (0.9) (1.3) (1.3) (0.2) 0.3
Net core Crown debt 19.9 20.1 20.4 20.7 19.9 18.7
Gross debt 30.5 27.8 27.4 26.5 27.6 25.3
Total borrowings 40.0 37.4 37.3 36.3 37.5 35.6
Net worth attributable to the Crown 44.9 43.4 42.5 42.1 42.8 43.9

Source: The Treasury

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