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Budget March 2022‑23. Historical Budget documents are available for reference purposes. Please note that due to the age of these documents they may not meet current web publishing requirements and may not be compatible with some software.
Whereas the Mid-Year Economic and Fiscal Outlook is a mid-year budget report which provides updated information to allow the assessment of the Government's fiscal performance against its fiscal strategy, the PAES update the most recent budget appropriations for agencies within the relevant portfolio.
Supporting job seekers with new paid employment pathways, partial capacity to work and place-based projects. Treasury leads the production of the federal Budget – the Australian Government’s main financial report outlining Australia’s annual economic and fiscal outlook.
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Commonwealth budget is not projected to return to balance in the medium term. In 2022–23, the estimated aggregate fiscal balance for states is a deficit of 2.0 per cent of GDP, while the Commonwealth’s fiscal deficit is 1.6 per cent of GDP.
Budget Paper No. 2, Budget Measures October 2022–23 ensures that the Budget Papers provide comprehensive information on all Government decisions that involve changes to its payment and receipt activities since the Pre-election Economic and Fiscal Outlook released in April 2022. This information is outlined in two parts:
In 2022-23, the Australian Government will provide the states with $166.4 billion in total payments, including payments of $81.6 billion for specific purposes like schools and hospitals and general revenue assistance of $84.8 billion.
provides the general government sector budget aggregates for 2022–23 together with an analysis of the Final Budget Outcome for 2022–23. This includes summary analysis of cash flows, revenue, expenses, net capital investment and the balance sheet (net debt, net financial worth and net worth). •
The Government's plan is focused on responding to these challenges and building a better future for all Australians. This Budget delivers on the Government's commitments by: providing responsible cost-of-living relief. building a stronger, more resilient and more modern economy.
The Budget delivers on the Government’s commitments and outlines the Government’s plan to: • provide responsible cost-of-living relief that delivers an economic dividend • build a stronger, more resilient and more modern economy • begin the hard task of budget repair to pay for what is important.