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AGS Investor Chart Pack – Budget 2022-23 Update

AGS Investor Chart Pack – Budget 2022-23 Update

The chart pack is for wholesale investors containing information about the Government's fiscal and economic position, AOFM's issuance program, the AGS market and investor base. The underlying cash balance (UCB) in 2021-22 is forecast to be 3.5 per cent of GDP (MYEFO 2021-22 forecast was 4.5 per cent). The deficit in 2022-23 is expected to be 3.4 percent compared to 4.4 per cent forecast at MYEFO 2021-22. An improved economic outlook and high near-term commodity prices has driven a large upgrade to forecast tax receipts. The forward estimates show a steady improvement in the deficit to 1.6 per cent of GDP in 2025-26. [...]