2012-13 Budget Economic and Fiscal Outlook Budget Paper No. 3 Presented to the Legislative Assembly on 17 May 2012 2012-13 BUDGET ECONOMIC AND FISCAL OUTLOOK Budget Paper No. 3 PRESENTED TO THE LEGISLATIVE ASSEMBLY ON 17 MAY 2012 2012-13 Economic and Fiscal Outlook © Government of Western Australia Excerpts from this publication may be reproduced, with appropriate acknowledgement, as permitted under the Copyright Act. For further information please contact: Department of Treasury Locked Bag 11 Cloisters Square WA 6850 Telephone: +61 8 6551 2777 Facsimile: +61 8 6551 2500 Email:
[email protected] Website: http://ourstatebudget.wa.gov.au Published May 2012 John A. Strijk, Government Printer ISSN 1448–2630 2012-13 BUDGET ECONOMIC AND FISCAL OUTLOOK TABLE OF CONTENTS Page UNDER TREASURER’S CERTIFICATION ....................................................................... i CHAPTER 1: OVERVIEW..................................................................................................... 1 Economic and Revenue Outlook .............................................................................................. 3 Fiscal Outlook............................................................................................................................ 5 Budget Objectives...................................................................................................................... 8 Leadership................................................................................................................................ 8