The 2016-17 Victorian Budget keeps our finances stable, so we can provide the services that we all rely on - like schools and hospitals - and build the road and rail projects that our growing state needs.

Operating Surplus 

Operating surplus

$ billion
2014 -15 Actual1.2
2015-16 revised1.9
2016-17 estimate2.9
2017-18 estimate1.8
2018-19 estimate2.1
2019-20 estimate2.5

Source: Department of Treasury and Finance

Net Debt to GSP

Net debt to GSP

per cent
2014 -15 Actual6.2
2015-16 revised5.9
2016-17 revised4.7
2017-18 estimate5.0
2018-19 estimate5.1
2019-20 estimate4.8

Source: Department of Treasury and Finance

General government fiscal aggregates

  Unit of measure 2014-15 actual 2015-16 revised

2016-17 estimate

2017-18 estimate

2018-19 estimate

2019-20 estimate

Net result from transactions $ billion 1.2 1.9 2.9 1.8 2.1 2.5

Government infrastructure

Investment

$ billion 4.6 4.5 7.5 7.7 7.4 7.1
Net debt $ billion 22.3 22.5 18.6 20.9 22.3 22.2
Net debt to GSP per cent 6.2 5.9 4.7 5.0 5.1 4.8

Source: Department of Treasury and Finance

Victorian economic forecasts (%)

 

2014-15 actual

2015-15 forecast

2016-17 forecast

2017-18 forecast

2018-19
projection

2019-20 projection

Real gross state product 2.5 3.00 3.00 2.75 2.75 2.75
Employment 2.1 2.00 1.75 1.50 1.50 1.50
Unemployment  rate 6.4 6.00 5.75 5.75 5.50 5.50
Consumer price index 1.4 2.00 2.25 2.50 2.50 2.50
Wage price index 2.7 2.50 2.75 3.00 3.25 3.50
Population 1.7 1.8 1.8 1.8 1.8 1.8

Source: Department of Treasury and Finance

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