State budget 2021-22 Macroeconomic Indicators

The Department forecasts a number of macroeconomic aggregates for inclusion in the budget papers.

These forecasts have three main purposes:

  • they provide a framework for presenting the economic context in which the budget is developed;
  • most of the economic aggregates or their sub-components are used in the modelling of taxation and other revenue lines; and
  • forecasts of nominal gross state product (GSP) are used to express key financial aggregates in relation to the size of the economy, such as non-financial public sector net debt to nominal GSP.

The spreadsheet below contains the seven published aggregates for the budget papers (Budget and Budget Update):

  • real GSP;
  • nominal GSP;
  • employment;
  • unemployment;
  • the consumer price index;
  • the wage price index; and
  • population.

Data and Resources

Additional Information

Field Value
Published (Metadata Record) 06/08/2021
Last updated 13/06/2024
Organisation DTF - Corporate and Government Services
License Creative Commons Attribution 4.0 International
Category Finance