2019-20 National Fiscal Outlook: At a Glance


The annual 2019–20 National Fiscal Outlook (full version) provides a national perspective on the fiscal outlook by examining outcomes across all levels of Australian government. The complementary National Fiscal Outlook at a Glance provides a graphical snapshot of each of the Commonwealth, state and territory budgets.1

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National2

Net operating, fiscal balance and net capital investment

Figure 1 - National Net operating, fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Figure 2- National Revenue and expenses real growth

Net debt


Figure 3 - National Net debt

Commonwealth

Net operating, fiscal balance and net capital investment

Figure 4 - Commonwealth Net Operating fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Figure 5 -Commonwealth Revenue and expenses real growth

Net debt


Figure 6_Commonwealth Net debt

New South Wales3

Net operating, fiscal balance and net capital investment

Figure 7_New South Wales Net Operating fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Figure 8_New South Wales Revenue and expenses real growth

Net debt


Figure 9_New South Wales Net debt

Victoria

Net operating, fiscal balance and net capital investment

Figure 10 - Victoria Net Operating, fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Figure 11 - Revenue and expenses real growth

Net debt


Figure 12 - Victoria Net debt

Queensland

Net operating, fiscal balance and net capital investment

Figure 13 - Qeensland Net Operating, fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Figure 14 - Queensland Revenue and expenses real growth

Net debt


Figure 15 - Queensland Net debt

Western Australia4


Net operating, fiscal balance and net capital investment

Figure 16 - Western Australia Net Operating, fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Figure 17 - Western Australia Revenue and expenses real growth

Net debt


Figure 18 - Western Australia Net deb

South Australia

Net operating, fiscal balance and net capital investment

Figure 19 - South Australia Net Operating, fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Figure 20 - South Australia Revenue and expenses real growth

Net debt


Figure 21 - South Australia Net debt

Tasmania

Net operating, fiscal balance and net capital investment

Figure 22 - Tasmania Net Operating, fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Figure 23 - Tasmania Revenue and expenses real growth

Net debt


Figure 24 - Tasmania Net debt

Australian Capital Territory

Net operating, fiscal balance and net capital investment

Figure 25 - Australian Capital Territory Net Operating, fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Figure 26 - Australian Capital Territory Revenue and expenses real growth

Net debt


Figure 27 - Australian Capital Territory Net debt

Northern Territory

Net operating, fiscal balance and net capital investment

Figure 28 - Northern Territory Net Operating, fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Figure 29 - Northern Territory Revenue and expenses real growth

Net debt


Figure 30 - Northern Territory Net Debt


  1. This snapshot accompanies the PBO’s 2019–20 National Fiscal Outlook report.  Data from 2008–09 to 2017–18 are sourced from Australian Bureau of Statistics Government Finance Statistics 5512.0.  Data from 2018–19 to 2022–23 are sourced from 2019–20 Commonwealth, state and territory budget papers.  Data are generally comparable across the two periods, but there are differences in the budget treatment of items across jurisdictions.  The data in these charts do not incorporate 2018–19 final budget results of the Commonwealth, states and territories.  Further information about data and methods, and a glossary of the budget terms used here, is provided in the report.
  2. The national charts include Commonwealth, state, territory and local governments and eliminate transfers between levels of government to arrive at a consolidated national fiscal position.
  3. The New South Wales projections of revenue and expenses have been adjusted by the PBO to improve comparability across periods.
  4. The Western Australian projections of revenue and expenses have been adjusted by the PBO to improve comparability across periods.