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Budget 2006 Home Page Half Year Economic & Fiscal Update 2006

Revenue and Expenses

Table 2.4 – Revenue and expenses comparison with Budget Update
  Year ended 30 June
(% of GDP) 2006 Actual 2007 Forecast 2008 Forecast 2009 Forecast 2010 Forecast 2011 Forecast
Total revenue            
Half Year Update 48.7 46.1 44.9 44.0 43.9 43.7
Budget Update   45.4 44.3 43.5 44.1  
Total expenses            
Half Year Update 41.4 42.3 41.4 41.1 40.8 40.7
Budget Update   41.9 41.8 41.6 41.3  
Core Crown revenue            
Half Year Update 37.6 36.3 35.1 34.2 34.3 34.3
Budget Update   35.1 34.2 33.5 34.2  
Core Crown expenses            
Half Year Update 31.7 33.2 32.6 32.3 32.1 32.0
Budget Update   32.7 32.6 32.5 32.3  
SOE revenue            
Half Year Update 8.1 7.3 7.2 7.2 7.1 6.9
Budget Update   7.5 7.4 7.4 7.3  
SOE expenses            
Half Year Update 6.9 6.8 6.6 6.6 6.5 6.4
Budget Update   6.8 6.8 6.7 6.6  
Crown entities' revenue            
Half Year Update 16.1 16.0 15.7 15.2 14.5 14.0
Budget Update   16.0 15.5 14.9 13.9  
Crown entities' expenses            
Half Year Update 15.1 15.4 15.1 14.6 14.1 13.5
Budget Update   15.3 14.9 14.4 13.9  

Source: The Treasury

Over the forecast period, total revenue to GDP is expected to fall as are total expenses to GDP.

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 the core Crown activity in more detail. The SOE and Crown entities’ activity is covered in a separate section in the chapter (refer page 50).

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