2020-21 National fiscal outlook: At a Glance


The annual 2020–21 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 Glance1,2 provides a graphical snapshot of each of the Commonwealth, state and territory budgets.
 
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National3

Net operating, fiscal balance and net capital investment

Figure 1_National_Net operating, fiscal balance and net capital investment 

Revenue and expenses
 

Figure 2_National_Revenue and expenses
 

Net debt
 

Figure 3_National_Net debt
 

Commonwealth as at December 2020

Net operating, fiscal balance and net capital investment

Figure 4_Commonwealth_Net operating, fiscal balance and net capital investment 

Revenue and expenses


Figure 5_Commonwealth_Revenue and expenses 

Net debt


Figure 6_Commonwealth_Net debt 

New South Wales4 as at February 2021

Net operating, fiscal balance and net capital investment

Figure 7_NSW_Net operating, fiscal balance and net capital investment 

Revenue and expenses


Figure 8_NSW_Revenue and expenses  

Net debt


Figure 9_NSW_Net debt 

Victoria as at November 2020

Net operating, fiscal balance and net capital investment

Figure 10_Victoria_Net operating, fiscal balance and net capital investment 

Revenue and expenses


Figure 11_Victoria_Revenue and expenses 

Net debt


Figure 12_Victoria_Net debt 

Queensland as at December 2020

Net operating, fiscal balance and net capital investment

Figure 13_Queensland_Net operating, fiscal balance and net capital investment

Revenue and expenses


Figure 14_Queensland_Revenue and expenses 

Net debt


Figure 15_Queensland_Net debt 

Western Australia5 as at December 2020


Net operating, fiscal balance and net capital investment

Figure 16_Western Australia_Net operating, fiscal balance and net capital investment 

Revenue and expense


Figure 17_Western Australia_Revenue and expenses 

Net debt


Figure 18_Western Australia_Net debt 

South Australia as at November 2020

Net operating, fiscal balance and net capital investment

Figure 19_South Australia_Net operating, fiscal balance and net capital investment 

Revenue and expenses


Figure 20_South Australia_Revenue and expenses 

Net debt


Figure 21_South Australia_Net debt 

Tasmania as at February 2021

Net operating, fiscal balance and net capital investment

Figure 22_Tasmainia_Net operating, fiscal balance and net capital investment 

Revenue and expense


Figure 23_Tasmania_Revenue and expenses 

Net debt


Figure 24_Tasmania_Net debt 

Australian Capital Territory as at February 2021

Net operating, fiscal balance and net capital investment

Figure 25_ACT_Net operating, fiscal balance and net capital investment 

Revenue and expenses


Figure 26_ACT_Revenue and expenses 

Net debt


Figure 27_ACT_Net debt 

Northern Territory as at November 2020

Net operating, fiscal balance and net capital investment

Figure 28_Northern Territory_Net operating, fiscal balance and net capital investment 

Revenue and expenses


Figure 29_Northern Territory_Revenue and expenses 

Net debt


Figure 30_Northern Territory_Net debt 

  1. This snapshot accompanies the PBO’s 2020-21 National Fiscal Outlook report.  Data from 2002-03 to 2018-19 are sourced from Australian Bureau of Statistics Government Finance Statistics, Annual.  2019-20 data are sourced from Commonwealth, states and territories 2019-20 final budget outcomes and 2020-21 budget papers and mid-year reports.  Forecasts for 2020-21 to 2023-24 are sourced from 2020-21 Commonwealth, state and territory budget papers and mid-year updates.  Data are generally comparable over time, but there are some differences in the budget treatment of items across jurisdictions.  Further information about data and methods, and a glossary of the budget terms used here, is provided in the technical appendix.
  2. Net capital investment excludes government businesses.
  3. 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.
  4. The New South Wales projections of revenue and expenses have been adjusted by the PBO to improve comparability over time and across jurisdictions.
  5. The Western Australian projections of revenue and expenses have been adjusted by the PBO to improve comparability over time and across jurisdictions.