Last week’s WA budget slipped by as MB went to Adelaide but I’ve revisited it over the weekend to see how Labour has done after years of disastrous mis-forecasting by the Liberals. Here it is:
• After bottoming at just 0.25% in 2016-17, growth in the State’s economy is forecast to recover to 3% in 2017-18. Employment growth is also forecast to recover, with nearly 20,000 jobs expected to be created in 2017-18.
• However, the State’s revenue base remains under considerable pressure, with the general government revenue estimates revised down by a total of $5 billion over the period 2016-17 to 2019-20 since the Pre-election Financial Projections Statement (PFPS).