Original article by Brad Thompson
The Australian Financial Review – Page: 11 : 11-May-18
The Western Australian Government’s May 2018 Budget has forecast a deficit of $A1.3bn for 2017-18, while it expects to deliver a $A572m surplus in 2020-21. The Budget papers also show that the state’s net debt is forecast to be $A39.1bn in 2018-19 and $A40.85bn in 2019-20, with Premier Mark McGowan reiterating that the government will reduce debt gradually. Meanwhile, Budget measures are expected to result in the average household paying an extra $A292 in government fees and charges in 2018-19.
WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, AUSTRALIAN LABOR PARTY, WESTERN POWER CORPORATION, LANDGATE, TOTALIZATOR AGENCY BOARD (WESTERN AUSTRALIA), INVESTEC AUSTRALIA LIMITED, AUSTRALIA. COMMONWEALTH GRANTS COMMISSION, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE