Strategy & targets
In the 2011-12 Mid-Year Budget Review the government adopted revised fiscal targets. In the 2012-13 Budget the government reconfirmed its commitment to these targets.
- a net operating surplus by the end of the forward estimates.
- once surplus is achieved operating expenditure growth will be limited to trend growth in household income.
- achieve a level of general government net debt that remains affordable over the forward estimates — a maximum ratio of net debt to revenue of 50 per cent.
Further information on these targets and how the government will achieve them is available in Chapter 1 of the 2012-13 budget paper 3: budget statement.
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