Revenue and Expenses
| Year ended 30 June | ||||||
|---|---|---|---|---|---|---|
| 2005 Actual | 2006 Forecast | 2007 Forecast | 2008 Forecast | 2009 Forecast | 2010 Forecast | |
| (% of GDP) | ||||||
| Total Revenue | ||||||
| Half Year Update | 44.4 | 43.9 | 44.2 | 43.9 | 43.1 | 43.7 |
| Pre-election Update | 44.4 | 44.7 | 43.8 | 44.1 | ||
| Total Expenses | ||||||
| Half Year Update | 40.3 | 40.5 | 40.7 | 41.6 | 41.3 | 41.1 |
| Pre-election Update | 39.8 | 40.8 | 41.4 | 41.1 | ||
| Core Crown Revenue | ||||||
| Half Year Update | 34.5 | 34.2 | 34.4 | 33.9 | 33.3 | 34.1 |
| Pre-election Update | 34.5 | 34.6 | 33.9 | 34.3 | ||
| Core Crown Expenses | ||||||
| Half Year Update | 30.6 | 31.9 | 31.8 | 32.6 | 32.5 | 32.4 |
| Pre-election Update | 31.0 | 31.8 | 32.5 | 32.4 | ||
| SOE Revenue | ||||||
| Half Year Update | 5.9 | 7.1 | 7.3 | 7.2 | 7.2 | 7.1 |
| Pre-election Update | 6.9 | 7.0 | 6.9 | 6.9 | ||
| SOE Expenses | ||||||
| Half Year Update | 5.5 | 6.6 | 6.8 | 6.7 | 6.6 | 6.5 |
| Pre-election Update | 6.4 | 6.5 | 6.4 | 6.3 | ||
| Crown Entities' Revenue | ||||||
| Half Year Update | 14.0 | 15.0 | 15.3 | 15.1 | 14.5 | 13.9 |
| Pre-election Update | 14.9 | 15.0 | 14.6 | 14.2 | ||
| Crown Entities' Expenses | ||||||
| Half Year Update | 13.0 | 14.2 | 14.6 | 14.4 | 13.8 | 13.4 |
| Pre-election Update | 14.3 | 14.3 | 13.9 | 13.4 | ||
Source: The Treasury
Over the forecast period, total revenue to GDP is expected to increase initially before dropping in 2008/09 due to a tax policy decision resulting in a change to provisional tax dates (aligning the payment dates for provisional tax and GST will result in payment deferral. For some taxpayers, the deferral pushes a provisional tax payment out of 2008/09 and into the following fiscal year) before returning to previous levels by 2009/10. Total expenses to GDP are also forecast to rise initially before flattening by 2008/09.
The trend in total revenue and expenses over the forecast horizon will largely be driven by activity in the core Crown segment of reported government activity.
The following section discusses revenue and expenses of the Crown by segment of reported government activity (ie, core Crown, SOEs and Crown entities).
