Appendix A Australian Government budget aggregates
The table below shows the main cash and accrual budget aggregates for the Australian Government general government sector over the period 2011‑12 to 2016‑17. The underlying cash balance is estimated to be a deficit of $18.0 billion in 2013‑14, returning to balance in 2015‑16 and surplus in 2016‑17.
| Actual | Estimates | Projections | ||||
|---|---|---|---|---|---|---|
| 2011‑12 $b |
2012‑13 $b |
2013‑14 $b |
2014‑15 $b |
2015‑16 $b |
2016‑17 $b |
|
| Receipts | 329.9 | 350.4 | 376.0 | 401.2 | 428.9 | 453.6 |
| Per cent of GDP | 22.4 | 23.0 | 23.5 | 23.9 | 24.3 | 24.4 |
| Payments(a) | 371.0 | 367.3 | 391.2 | 409.1 | 425.0 | 443.7 |
| Per cent of GDP | 25.2 | 24.2 | 24.5 | 24.4 | 24.0 | 23.8 |
| Net Future Fund earnings | 2.2 | 2.5 | 2.8 | 2.9 | 3.1 | 3.3 |
| Underlying cash balance(b) | -43.4 | -19.4 | -18.0 | -10.9 | 0.8 | 6.6 |
| Per cent of GDP | -2.9 | -1.3 | -1.1 | -0.6 | 0.0 | 0.4 |
| Revenue | 338.1 | 360.0 | 387.7 | 411.6 | 438.1 | 468.6 |
| Per cent of GDP | 22.9 | 23.7 | 24.3 | 24.5 | 24.8 | 25.2 |
| Expenses | 377.7 | 381.4 | 398.3 | 415.7 | 431.0 | 454.7 |
| Per cent of GDP | 25.6 | 25.1 | 24.9 | 24.8 | 24.4 | 24.4 |
| Net operating balance | -39.6 | -21.5 | -10.6 | -4.1 | 7.1 | 13.8 |
| Net capital investment | 4.9 | -1.2 | 2.9 | 2.2 | 1.1 | 3.0 |
| Fiscal balance | -44.5 | -20.3 | -13.5 | -6.3 | 6.0 | 10.8 |
| Per cent of GDP | -3.0 | -1.3 | -0.8 | -0.4 | 0.3 | 0.6 |
| Memorandum item: | ||||||
| Headline cash balance | -47.0 | -22.2 | -25.3 | -21.0 | -8.6 | -3.3 |
(a) Equivalent to cash payments for operating activities, purchases of non-financial assets and net acquisition of assets under finance leases.
(b) Excludes net Future Fund earnings.