Budget Paper No. 1
Budget Strategy and Outlook 2014‑15
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|Budget Paper No. 1: Budget Strategy and Outlook 2014‑15||5.5MB|
|Statement 1: Budget Overview
Provides an overview of the economic and fiscal outlook. Discusses the Government's budget priorities and fiscal strategy.
|Statement 2: Economic Outlook
Provides a discussion of the economic forecasts that underlie the Budget estimates. Discusses the outlook for the domestic and international economies, and provides medium-term projections.
|Statement 3: Fiscal Strategy and Outlook*
Provides a discussion of the Government's fiscal strategy, the major budget aggregates and changes in the fiscal outlook since the 2013‑14 MYEFO. Provides a discussion on the sensitivity of budget estimates to changes in economic conditions, and on confidence intervals around the economic and fiscal forecasts.
|Statement 4: Sustaining strong growth in living standards
Discusses factors that will affect income growth and living standards over the medium term.
|Statement 6: Expenses and Net Capital Investment
A discussion of Australian Government expenses and net capital investment, including changes since the 2013‑14 MYEFO.
|Statement 7: Debt Statement, Assets and Liabilities
Includes the Debt Statement and information on the major assets and liabilities on the Government’s balance sheet.
|Statement 8: Statement of Risks
Discusses a range of factors that may influence the actual budget outcome in future years. This includes general fiscal risks, specific contingent liabilities and specific contingent assets.
|Statement 9: Australian Government Budget Financial Statements
Provides a single set of financial statements and discusses reporting standards, budget concepts and major budget aggregates.
|Statement 10: Historical Australian Government Data
Reports historical data for the Australian Government fiscal aggregates across the general government, public non‑financial corporations and non-financial public sectors.
* A figure in Statement 3 (second dot point under Parameter and other variations of payment estimates) has been corrected and differs from that published in the printed version.
** A figure in Table 8 of Statement 5 has been corrected and differs from that published in the printed version.