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Politics

May 3, 2016

*Dec 2015 MYEFO forecasts in parentheses

Deficit

2015-16: $39.9 billion ($37.4 billion)

2016-17: $37.1 billion ($33.7 billion)

2017-18: $26.1 billion ($23 billion)

2018-19: $15.4 billion ($14.2 billion)

2019-20: $6 billion

 

Gross Domestic Product growth

2015-16: 2.5% (2.5%)

2016-17: 2.5% (2.75%)

2017-18: 3% (3% – projection)

 

CPI

2016-17: 2% (2.25%)

2017-18:  2.25% (2.5%)

 

Terms of trade

2015-16: -8.75% (-10.5%)

2016-17: 1.25% (-2.25)

2017-18 0

Iron ore price: $55 ($39)
; Thermal coal: $52 ($52); 
Metallurgical coal: $91 ($73); 
Aussie dollar: US$0.77

 

Unemployment

2016-17: 5.5% (6.%)

2017-18: 5.5% (5.75%)

 

Household consumption

2016-17: 3% (2.75%)

2017-18: 3%

 

Dwelling Investment

2016-17: 2% (2%)

2017-18: 1%

 

Business investment

2016-17:  -5% (-4%)

2017-18: 0

 

Wage Price Index

2016-17: 2.5% (2.75%)

2017-18: 2.75%

 

Spending as a % of GDP

2015-16: 25.8% (25.9%)

2016-17: 25.8% (25.8%)

2017-18: 25.5% (25.3%)

2018-19: 25.4% (25.3%)

2019-20: 25.2%

 

Receipts as a % of GDP

2015-16: 23.5% (23.9%)

2016-17: 23.9% (24.1%)

2017-18: 24.2% (24.3%)

2018-19: 24.8% (24.8%)

2019-20: 25.1%

 

 

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3 comments

Leave a comment

3 thoughts on “2016 federal budget at a glance

  1. Sixer

    There is something wrong with your new website. A lot of minus signs appear to be missing from the forward estimates.

  2. AR

    They are going to an Election with this?

  3. Tom Beem

    “Business investment 2016-17: -5% (-4%) 2017-18: 0”
    That is a relief. I thought we might be facing stage 2 of the GFC.

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