WA’s Budget woes deepen

Wednesday 2 December 2015

Things are going from bad to worse for the WA economy.

Yesterday’s national accounts revealed that state final demand (SFD) – which measures the sum of “government final consumption expenditure, household final consumption expenditure, private gross fixed capital formation and the gross fixed capital formation of public corporations and general government” – fell for the eighth consecutive quarter in WA and has fallen a cumulative 8.1% since September 2012:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.