These charts provide a snapshot of the NSW economy and budget aggregates. Despite the impacts of high inflation, they show a strong economic outlook with higher economic growth and low unemployment. The budget result is expected to return to surplus over the forward estimates, and gross debt and net worth are expected to improve compared to the previous projection. Readers seeking detailed analysis on the outlook and its drivers should visit Budget Paper No. 1 Budget Statement, particularly Chapter 2 The Economy and Chapter 3 Fiscal Strategy and Outlook.



In the above charts, Budget projection refers to the 2023-24 Budget projection released on 19 September 2023. The 2022-23 Pre-election Budget Update projection was released on 8 March 2023. The 2022-23 Half-Yearly Review projection was released on 7 February 2023.


Some actuals are estimated actuals.