2018-19 National Fiscal Outlook | At a Glance

The annual 2018-19 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.

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National2

Net operating, fiscal balance and net capital investment

National - Net operating, fiscal balance and net capital investment

Revenue and expenses ‐ real growth


National - Revenue and expenses ‐ real growth

Net debt


National - Net debt

Commonwealth

Net operating, fiscal balance and net capital investment

Commonwealth - Net operating fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Commonwealth - Revenue and expenses real growth

Net debt


Commonwealth - Net debt

New South Wales3

Net operating, fiscal balance and net capital investment

New South Wales - Net operating fiscal balance and net capital investment

Revenue and expenses ‐ real growth


New South Wales - Revenue and expenses real growth

Net debt


New South Wales - Net debt

Victoria4

Net operating, fiscal balance and net capital investment

Victoria - Net operating fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Victoria - Revenue and expenses real growth

Net debt


Victoria - Net debt

Queensland

Net operating, fiscal balance and net capital investment

Queensland - Net operating fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Queensland - Revenue and expenses real growth

Net debt


Queensland - Net debt

Western Australia

Net operating, fiscal balance and net capital investment

Western Australia - Net operating fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Western Australia - Revenue and expenses real growth

Net debt


 Western Australia - Net debt

South Australia

Net operating, fiscal balance and net capital investment

South Australia - Net operating fiscal balance and net capital investment

Revenue and expenses ‐ real growth


South Australia - Revenue and expenses real growth

Net debt


South Australia - Net debt

Tasmania

Net operating, fiscal balance and net capital investment

Tasmania - Net operating fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Tasmania - Revenue and expenses real growth

Net debt


Tasmania - Net debt

Australian Capital Territory

Net operating, fiscal balance and net capital investment

Australian Capital Territory - Net operating fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Australian Capital Territory - Revenue and expenses real growth

Net debt


Australian Capital Territory - Net debt

Northern Territory

Net operating, fiscal balance and net capital investment

Northern Territory - Net operating fiscal balance and net capital investment

Revenue and expenses ‐ real growth


Northern Territory - Revenue and expenses real growth

Net debt


Northern Territory - Net debt



  1. Data from 2007‐08 to 2016‐17 are sourced from Australian Bureau of Statistics Government Finance Statistics 5512.0. Data from 2017‐18 to 2021‐22 are sourced from 2018‐19 Commonwealth and state 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 2017‐18 final budget results of the Commonwealth and the states. Data is presented on a suitable scale to account for the relative size of different jurisdictions.
  2. These charts 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 between outcomes and forward estimates.
  4. These charts do not incorporate the 2018‐19 Victorian Pre‐Election Budget Update.

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