Table 1: Parameters
The population series which underlie per capita estimates in this Budget Paper for 1996-97 and 1997-98 are projections at 31 December 1996 and 31 December 1997 respectively. These projections were prepared by the ABS and are on the basis of assumptions agreed to by the Treasury. The index factors for population in 1996-97 and 1997-98 are based on the estimated annual growth in the Australian population to 31 December 1996 and 31 December 1997 respectively.
The index factors for prices in 1996-97 and 1997-98 are based on estimated year-average growth in the headline consumer price index (CPI) in the year to the March quarter 1997 and in the year to the March quarter 1998, respectively.
