Net operating surpluses are expected each year of the forward estimates, despite royalty and tax revenue forecasts being revised down by more than $3 billion across the period 2015-16 to 2018-19 since the 2015-16 Mid Year Fiscal and Economic Review.
The 2016–17 Commonwealth Budget deferred the payment to Queensland of around $1.1 billion in NDRRA funding, which was expected in 2015-16. This has occurred without prior consultation and has contributed to a reduced net operating surplus of $152 million in 2015-16.
Queensland’s forecast growth the strongest of all States
Net operating surplus of $867 million for 2016–17 is forecast to be the largest surplus in 10 years.