Appendix A - Budget aggregates
The table below shows the main cash and accrual budget aggregates for the Australian Government general government sector over the period 2012‑13 to 2017‑18. The underlying cash deficit is estimated to be $29.8 billion in 2014‑15. The fiscal deficit is estimated to be $25.9 billion
| Actual | Estimates | Projections | |||||
|---|---|---|---|---|---|---|---|
| 2012‑13 $b |
2013‑14 $b |
2014‑15 $b |
2015‑16 $b |
2016‑17 $b |
2017‑18 $b |
Total(a) $b |
|
| Receipts | 351.1 | 363.5 | 385.8 | 410.4 | 436.8 | 468.0 | 2,064 |
| Per cent of GDP | 23.1 | 23.0 | 23.6 | 24.0 | 24.4 | 24.9 | |
| Payments (b) | 367.2 | 410.7 | 412.5 | 424.2 | 443.9 | 467.1 | 2,158 |
| Per cent of GDP | 24.1 | 25.9 | 25.3 | 24.8 | 24.7 | 24.8 | |
| Net Future Fund earnings | 2.7 | 2.7 | 3.1 | 3.3 | 3.5 | 3.8 | 16 |
| Underlying cash balance(c) | -18.8 | -49.9 | -29.8 | -17.1 | -10.6 | -2.8 | -110 |
| Per cent of GDP | -1.2 | -3.1 | -1.8 | -1.0 | -0.6 | -0.2 | |
| Revenue | 360.2 | 374.3 | 391.3 | 419.6 | 449.8 | 480.4 | 2,115 |
| Per cent of GDP | 23.6 | 23.6 | 24.0 | 24.5 | 25.1 | 25.5 | |
| Expenses | 382.6 | 415.3 | 414.8 | 431.1 | 453.8 | 475.4 | 2,190 |
| Per cent of GDP | 25.1 | 26.2 | 25.4 | 25.2 | 25.3 | 25.3 | |
| Net operating balance | -22.5 | -41.0 | -23.5 | -11.5 | -4.0 | 4.9 | -75 |
| Net capital investment | 1.0 | 4.0 | 2.4 | 0.7 | 2.6 | 4.0 | 13 |
| Fiscal balance | -23.5 | -45.1 | -25.9 | -12.2 | -6.6 | 1.0 | -88 |
| Per cent of GDP | -1.5 | -2.8 | -1.6 | -0.7 | -0.4 | 0.1 | |
| Memorandum item: | |||||||
| Headline cash balance | -21.0 | -53.7 | -33.5 | -26.6 | -22.7 | -11.4 | -148 |
- (a) Total is equal to the sum of amounts from 2013-14 to 2017-18.
- (b) Equivalent to cash payments for operating activities, purchases of non-financial assets and net acquisition of assets under finance leases.
- (c) Excludes net Future Fund earnings.