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Table 11 - Additional fiscal indicators

Operating balance before gains and losses (Year ended June, % GDP)
Historical Forecast
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
1.2 1.9 3.3 3.8 4.6 4.4 3.4 3.1 -2.1 -3.7 -4.2 -2.5 -1.9 -1.3

Memorandum items:

Cyclically-adjusted operating balance before gains and losses (Year ended June, % GDP)
Historical Forecast
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
1.2 1.8 2.8 2.9 3.7 3.4 2.6 1.8 -1.8 -3.0 -4.0 -2.2 -1.6 -1.1
Output gap (Year ended June, % deviation)
Historical Forecast
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
-0.1 0.3 1.0 1.9 1.9 2.0 1.7 2.8 -0.8 -1.5 -0.6 -0.6 -0.9 -0.4
Fiscal impulse (Year ended June, % GDP)
Historical Forecast
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
-1.1 -0.8 -0.3 0.3 -1.6 0.5 0.0 0.6 3.6 2.0 1.2 -1.6 -1.3 -0.7

Source: The Treasury

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