Macroeconomic Indicators 2012-13

The Department of Treasury and Finance forecasts a number of macroeconomic\naggregates for inclusion in the budget papers. \n \nThese forecasts have three main purposes: \n \n\n * they provide a framework for presenting the economic context in which the budget is developed;\n * most of the economic aggregates or their sub-components are used in the modelling of taxation and other revenue lines; and\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.\n\n \nThe data source contains the seven published aggregates for the budget papers\n(Budget and Budget Update): \n \n\n * real GSP growth;\n * level of nominal GSP;\n * employment growth;\n * unemployment rate;\n * growth in the consumer price index;\n * growth in the wage price index; and\n * annual population growth.\n\n