This report examines the revenue, expenditure, net capital investment and the net debt position across all levels of Australian government over the forward estimates period. It provides an update to the national fiscal outlook, based on Commonwealth and state government budget updates.

In the 2017–18 Budget, the projected return to surplus in 2020–21 is predominantly due to a projected increase in personal income tax revenue. This report analyses the expected increase in average tax rates for individuals in different parts of the taxable income distribution and examines the factors that are driving these outcomes.

This technical note has been prepared to raise awareness of the factors affecting uncertainty in costings and how the Parliamentary Budget Office (PBO) deals with them.

This report, prepared by the Parliamentary Budget Office (PBO), provides detailed projections of receipts and payments over the period beyond the forward estimates to 2027–28 to explain the drivers of the 2017–18 Budget aggregates.

These charts provide a visual summary of the key drivers of the change between the 2016–17 Mid-Year Economic and Fiscal Outlook (MYEFO) and the 2017–18 Budget.