2012-13 Government Mid-year Financial Projections Statement
2012-13 Government Mid-year Financial Projections Statement
2012-13 Government Mid-year Financial Projections Statement
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<strong>2012</strong>-<strong>13</strong> <strong>Government</strong> <strong>Mid</strong>-<strong>year</strong> <strong>Financial</strong> <strong>Projections</strong> <strong>Statement</strong>The following table summarises compliance of the mid-<strong>year</strong> review projections with thesetargets.Table 1<strong>2012</strong>-<strong>13</strong> MID-YEAR REVIEW – FINANCIAL TARGET COMPLIANCE<strong>2012</strong>-<strong>13</strong> 20<strong>13</strong>-14 2014-15 2015-16Maintain or increase real net worth Yes Yes Yes YesAchieve a general government operating surplus Yes No Yes YesMaintain net interest costs as a share of revenuebelow 4.5% Yes Yes Yes YesEnsure real per capita own-purpose expenses do notincrease Yes Yes Yes YesMaintain the State’s tax competitiveness Yes Yes Yes Yes46