McKell Institute - Bduget & MYEFO Write Downs
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Adjustments to Gross Income Tax Withholdings based on …
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Revisions to Wage Price IndexRevisions to work activity (e.g. employment, population)Total adjustments
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Budget Paper
Forward Estimates
Beyond to 2021-22
Total to 2021-22
Forward Estimates
Beyond to 2021-22
Total to 2021-22
Forward Estimates
Beyond to 2021-22
Total to 2021-22
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2013-14 MYEFO
-6.5-20.6-27.1-5.1-3.7-8.8-11.6-24.3-35.9
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2014-15 Budget
-4.7-19.1-23.7-6.3-5.6-12-11-24.7-35.7
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2014-15 MYEFO
-5.9-7.1-130.90.81.7-5-6.3-11.3
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2015-16 Budget
-3.2-5.3-8.6-13-15.8-28.7-16.2-21.1-37.3
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2015-16 MYEFO
1.401.4-16.4-20.8-37.2-15-20.8-35.9
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2016-17 Budget
-4.6-2.4-7-3.3-3-6.3-7.9-5.4-13.3
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2016-17 MYEFO
-4.8-3-7.8-12.1-6.9-19-16.9-10-26.8
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2017-18 Budget
-2.9-1.2-4.1-1.42.10.7-4.30.9-3.4
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2017-18 MYEFO
-6.2-2.6-8.87.71.79.31.5-10.5
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2018-19 Budget
0003.803.83.803.8
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2018-19 MYEFO
-5.50-5.516.1016.110.6010.6
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Cumulative Total
-42.9-61.3-104.2-29.1-51.3-80.4-72-112.6-184.6
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Staggered adjustment
-9.40-9.416.1016.16.706.7
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Full adjustment to 2.3%
-20.10-20.116.1016.1-40-4
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Adjustment to budget outcome based on …
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Revisions to Wage Price IndexRevisions to work activity (e.g. employment, population)Total adjustments
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Financial Year
Forward Estimates
Pre-Budget
Total to 2021-22
Forward Estimates
Pre-Budget
Total to 2021-22
Forward Estimates
Pre-Budget
Total to 2021-22
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2013-14-2.50-2.5-4.50-4.5-70-7
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2014-15-4.30-4.3-5.90-5.9-10.20-10.2
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2015-16-80-8-9.10-9.1-17.10-17.1
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2016-17-12.40-12.4-11.40-11.4-23.70-23.7
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2017-18-10.5-4-14.6-9.2-0.8-9.9-19.7-4.8-24.5
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2018-19-6.8-10.6-17.4-7.4-1.9-9.3-14.2-12.5-26.7
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2019-20-6.6-12.9-19.62.2-13.4-11.2-4.4-26.4-30.8
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2020-21-5-16.4-21.55.3-19.2-13.90.3-35.7-35.4
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2021-22-1.5-21.4-22.91-16.7-15.7-0.5-38.1-38.6
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Cumulative Total
-57.7-65.3-123-38.9-52.1-91-96.6-117.4-214.1
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