The Department forecasts a number of macroeconomic aggregates for inclusion in the budget papers. These forecasts have three main purposes: - they provide a framework for presenting the economic context in which the budget is developed; - most of the economic aggregates or their sub-components are used in the modelling of taxation and other revenue lines; and - forecasts of nominal gross state product (GSP) are used to express key financial aggregates in relation to the size of the economy, such as non-financial public sector net debt to nominal GSP. The spreadsheet below contains the seven published aggregates for the budget papers (Budget and Budget Update): - real GSP growth; - level of nominal GSP; - employment growth; - unemployment rate; - growth in the consumer price index; - growth in the wage price index; and - annual population growth.

These forecasts have three main purposes: •they provide a framework for presenting the economic context in which the budget is developed; •most of the economic aggregates or their sub-components are used in the modelling of taxation and other revenue lines; and •forecasts of nominal gross state product (GSP) are used to express key financial aggregates in relation to the size of the economy, such as non-financial public sector net debt to nominal GSP. The spreadsheet below contains the seven published aggregates for the budget papers (Budget and Budget Update): •real GSP growth; •level of nominal GSP; •employment growth; •unemployment rate; •growth in the consumer price index; •growth in the wage price index; and •annual population growth.

These forecasts have three main purposes: •they provide a framework for presenting the economic context in which the budget is developed; •most of the economic aggregates or their sub-components are used in the modelling of taxation and other revenue lines; and •forecasts of nominal gross state product (GSP) are used to express key financial aggregates in relation to the size of the economy, such as non-financial public sector net debt to nominal GSP. The spreadsheet below contains the seven published aggregates for the budget papers (Budget and Budget Update): •real GSP growth; •level of nominal GSP; •employment growth; •unemployment rate; •growth in the consumer price index; •growth in the wage price index; and •annual population growth.

The Department of Treasury and Finance (DTF) monitors economic conditions in the Victorian economy and prepares forecasts of the main economic indicators of those conditions twice yearly for the current and four-ensuing years (the out-years). The economic forecasts underpin the Government's fiscal outlook presented in the Budget and Budget Update. The key economic indicators forecast growth in real gross state product (GSP) and the level of nominal GSP; growth in employment and the unemployment rate; growth in wages; growth in consumer prices (the CPI) and population growth. For further information refer to the Macroeconomic indicators methodology for making forecasts of macro-economic indicators.

The Department of Treasury and Finance (DTF) monitors economic conditions in the Victorian economy and prepares forecasts of the main economic indicators of those conditions twice yearly for the current and four-ensuing years (the out-years). The economic forecasts underpin the Government's fiscal outlook presented in the Budget and Budget Update. The key economic indicators forecast growth in real gross state product (GSP) and the level of nominal GSP; growth in employment and the unemployment rate; growth in wages; growth in consumer prices (the CPI) and population growth. For further information refer to the Macroeconomic indicators methodology for making forecasts of macro-economic indicators.