Budget deficit
2020-21 (the current year): deficit of $213.7 billion ($184.5 billion in July update), 11% of GDP
2021-22: deficit of $112.0 billion
2022-23: deficit of $87.9 billion
2023-24: deficit of $66.9 billion
Spending
2020-21: $670.3 billion (up from $578.5 billion in July update); 34.4% of GDP
2021-22: $567.5 billion; 28.2% of GDP
2022-23: $574.9 billion; 27.4% of GDP
2023-24: $596.6 billion; 27.1% of GDP
Tax*
2020-21: $424.6 billion (down from $431.8 billion in July update); 21.8% of GDP
2021-22: $413.8 billion; 20.6% of GDP
2022-23: $442.9 billion; 21.1% of GDP
2023-24: $487.6 billion; 22.1% of GDP
*doesn’t include other revenue
Net debt
2020-21: $703.2 billion (up from $491.2 billion in July update); 36.1% of GDP
2021-22: $812.1 billion; 40.4% of GDP
2022-23: $40.4 billion; 42.8% of GDP
2023-24: $966.2 billion; 43.8% of GDP
Economic forecasts
GDP: -1.5% (up from -0.2% in July update); 4.75% in 2021-22
Unemployment: 7.25% (up from 7.0% in July update)
CPI: 1.75% in 2020-21
Nominal GDP: -1.75%
Terms of trade: -1.5%
Household consumption: -1.5%
Dwelling investment -11%
Wage price index: 1.25%
Business investment: -9.5%
Population: 1.58 fertility rate (down from 1.69 in July update)
Net debt2020-21: $703.2 billion (up from $491.2 billion in July update); 36.1% of GDP
2021-22: $812.1 billion; 40.4% of GDP
2022-23: $40.4 billion; 42.8% of GDP
2023-24: $966.2 billion; 43.8% of GDP
Typo in the 2022-23 Net Debt amount?