State Budget 2024-25 - Macroeconomic Indicators

The Department forecasts a number of macroeconomic aggregates for inclusion in the budget papers.\r\n\r\nThese forecasts have three main purposes:\r\n\r\n* they provide a framework for presenting the economic context in which the budget is developed\r\n* most of the economic aggregates or their sub-components are used in the modelling of taxation and other revenue lines and\r\n* forecasts of nominal gross state product (GSP) are used to express key financial aggregates in relation to the size of the economy, such as non-financial public sector net debt to nominal GSP.\r\n\r\nThe spreadsheet contains the seven published aggregates for the budget papers (Budget and Budget Update):\r\n\r\n* real GSP\r\n* nominal GSP\r\n* employment\r\n* unemployment\r\n* the consumer price index\r\n* the wage price index\r\n* population.