Budget aggregates

An underlying cash surplus of $8.9 billion is expected in 2005‑06 compared with an estimated surplus of $4.5 billion at the Mid-Year Economic and Fiscal Outlook 2004-05 (MYEFO). Underlying cash surpluses are projected to continue across the forward estimates.

In accrual terms, a fiscal surplus in 2005‑06 of $7.4 billion is forecast compared to $3.5 billion at MYEFO. Fiscal surpluses are expected to continue across the forward estimates.

Table 1: Australian Government general government sector budget aggregates^(a)

1. All estimates are based on Government Finance Statistics (GFS) standards, but with goods and services tax (GST) revenue collected on behalf of the states and territories netted off revenue and expenses.
2. Excludes expected Future Fund earnings from 2005‑06 onwards. For further explanation refer to Statement 2 Box 1 and Statement 8.

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