These charts provide a snapshot of the NSW economy and budget aggregates.

Despite cost-of-living challenges from elevated inflation and interest rates, they show a solid economic outlook with higher economic growth and a low unemployment rate. Gross debt to June 2027 is projected to improve compared to the previous projection.

Readers seeking detailed analysis on the outlook and its drivers should visit Budget Paper No. 1 Budget Statement, particularly Chapter 2 The Economy and Chapter 3 Fiscal Strategy and Outlook.

 









In the above charts, Budget projection refers to the 2024-25 Budget projection released on 18 June 2024. The 2023-24 Half-Yearly Review projection was released on 14 December 2023.