Key budget forecasts in mid-year update

Colin Brinsden, AAP Economics Correspondent
(Australian Associated Press)

 

BUDGET FORECASTS

* 2017/18 deficit $23.6 billion vs $29.4 billion at time of May budget

* 2018/19 deficit $20.5 billion vs $21.4 billion

* A surplus is still projected in 2020/21


ECONOMIC GROWTH

* 2017/18 2.5 per cent vs 2.75 per cent

* 2018/19 3.0 per cent vs 3.0 per cent


UNEMPLOYMENT RATE

* 2017/18 5.5 per cent vs 5.75 per cent

* 2018/19 5.25 per cent vs 5.5 per cent


WAGE GROWTH

* 2017/18 2.25 per cent vs 2.5 per cent

* 2018/19 2.75 per cent vs 3.0 per cent


CPI

* 2017/18 2.0 per cent vs 2.0 per cent

* 2018/19 2.25 per cent vs 2.25 per cent

(Source: Mid-Year Economic and Fiscal Outlook)

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