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Australian Government Coat of Arms

Budget | 2014-15

Budget 2014-15
Australian Government Coat of Arms, Budget 2014-15

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
Receipts351.1363.5385.8410.4436.8468.02,064
Per cent of GDP23.123.023.624.024.424.9
Payments (b)367.2410.7412.5424.2443.9467.12,158
Per cent of GDP24.125.925.324.824.724.8
Net Future Fund earnings2.72.73.13.33.53.816
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
Revenue360.2374.3391.3419.6449.8480.42,115
Per cent of GDP23.623.624.024.525.125.5
Expenses382.6415.3414.8431.1453.8475.42,190
Per cent of GDP25.126.225.425.225.325.3
Net operating balance-22.5-41.0-23.5-11.5-4.04.9-75
Net capital investment1.04.02.40.72.64.013
Fiscal balance-23.5-45.1-25.9-12.2-6.61.0-88
Per cent of GDP-1.5-2.8-1.6-0.7-0.40.1
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.