NATSEM Budget Analysis 2018

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How does the 2018 Budget affect us?

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2016-17 Budget

24.2% of GDP (Revenue) 2.2% of GDP (Deficit) $19.1 Billion increase in Expense

The total revenue for 2016-17 is expected to be $416.9 billion with an expense of $450.6 billion dollars. The deficit is about 2.2% of the GDP which is 0.2 percentage point lower compared with 2015-16. (Source: Budget Paper 2016-17)

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2015-16 Budget

24.0% of GDP (Revenue) 2.4% of GDP (Deficit) $13.6 Billion Increase in Expense

The total revenue for 2015-16 is estimated to be $396.4 billion with an expense of $431.5 billion dollars. The deficit is about 2.4% of the GDP which is 0.1 percentage point lower compared with 2014-15. (Source: Budget Paper 2016-17)

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