Fiscal Overview
The key fiscal aggregates of the General Government Sector are outlined in Table 3.
Table 3: Key fiscal aggregates1
| 2022–23 Actual $ million |
2023–24 Budget $ million |
2023–24 Update $ million |
2024–25 Projection $ million |
2025–26 Projection $ million |
2026–27 Projection $ million |
|
|---|---|---|---|---|---|---|
| General Government Sector | ||||||
| Revenue | 89,810 | 82,079 | 85,788 | 84,131 | 84,378 | 87,486 |
| Expenses | 75,880 | 84,261 | 85,926 | 84,009 | 84,287 | 86,865 |
| Net operating balance | 13,930 | (2,182) | (138) | 122 | 91 | 621 |
| PNFA2 | 9,899 | 9,347 | 11,332 | 13,205 | 12,491 | 12,055 |
| Fiscal balance | 8,092 | (6,716) | (6,709) | (8,853) | (6,965) | (5,461) |
| Borrowing | 53,726 | 65,479 | 63,373 | 76,841 | 86,388 | 96,758 |
| Net debt | 2,615 | 16,190 | 14,676 | 28,256 | 38,034 | 47,392 |
1. Numbers may not add due to rounding. 2. PNFA: Purchases of non–financial assets. |
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Last Updated: 3 January 2024