Australian Government, 2008-09 Budget
Budget
Buget Paper 1 Cover

Budget Paper No. 1

Budget Strategy and Outlook 2008-09

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Budget Paper No. 1: Budget Strategy and Outlook 2008-09

Provides an overview of the economic and fiscal outlook. Discusses the Government's budget priorities and medium-term fiscal strategy.

Provides a discussion of economic developments since the 2007 PEFO. Discusses the outlook for the domestic and international economies, and provides economic forecasts.

Provides a brief discussion of the major budget aggregates and changes since the 2007 PEFO. Provides a discussion on the sensitivity of budget estimates to changes in economic conditions.

This statement outlines some of the major influences on Australia's productive capacity, with a focus on the role of infrastructure and skills. The statement outlines key elements which could contribute to an improved policy and institutional framework to achieve better outcomes in infrastructure and skills, education and training and boost Australia's productive capacity.

A discussion of the changes in the revenue outlook since the 2007 PEFO.

A discussion of Australian Government expenses and net capital investment, including changes since the 2007 PEFO.

Discusses the management of the major assets and liabilities on the Government's balance sheet. Provides detailed information on Australian Government net debt and net worth.

Discusses a range of factors that pose a risk to the actual budget outcome in future years. These risks include changes in parameters, fiscal risks and contingent liabilities.

Discusses reporting standards, budget concepts and major budget aggregates.

Reports historical data for the Australian Government fiscal aggregates across the general government, public non‑financial corporations and non‑financial public sectors.







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