Delivering the measures that support the government’s priorities while maintaining a sustainable fiscal position requires the government to operate within a well-defined fiscal strategy. The government’s fiscal targets are set out below.

Fiscal targets

  • Target 1 Achieve a net operating surplus in the general government sector every year.
  • Target 2 Limit general government operating expenditure growth to trend growth in household income.
  • Target 3 Achieve a level of general government net debt that is sustainable over the forward estimates.

Further information on these targets and how the government will achieve them is available in the 2018-19 Budget Paper 3: Budget Statement.