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MID-YEAR ECONOMIC AND FISCAL OUTLOOK 2001-02

Notes

(a) The following definitions are used in the MYEFO:

_ `real' means adjusted for the effect of inflation;

_ real growth in expenses is measured by the non-farm Gross Domestic Product (GDP) deflator;

_ one billion is equal to one thousand million; and

_ the budget year refers to 2001-02, while the forward years refer to 2002-03, 2003-04 and 2004-05.

(b) Figures in tables and generally in the text have been rounded. Discrepancies in tables between totals and sums of components are due to rounding:

_ estimates under $100,000 are rounded to the nearest thousand;

_ estimates $100,000 and over are generally rounded to the nearest tenth of a million;

_ estimates midway between rounding points are rounded up; and

_ the percentage changes in statistical tables are calculated using unrounded data.

(c) For the budget balance, a negative sign indicates a deficit while no sign indicates a surplus.

(d) The following notations are used:

NEC/nec not elsewhere classified

AEST Australian Eastern Standard Time

- nil

.. not zero, but rounded to zero

na not applicable (unless otherwise specified)

nfp not for publication

$m $ million

$b $ billion

(e) References to the `States' or `each State' include the Territories, because from 1993-94 onwards, general purpose funding has been on the same basis for all jurisdictions. The Australian Capital Territory and the Northern Territory are referred to as `the Territories'. The following abbreviations are used for the names of the States, where appropriate:

NSW New South Wales

VIC/Vic Victoria

QLD/Qld Queensland

WA Western Australia

SA South Australia

TAS/Tas Tasmania

ACT Australian Capital Territory

NT Northern Territory