The Pre-election Financial Projections Statement (PFPS) shows that while the outlook for the Western Australian economy is broadly consistent with expectations at the time of December’s Mid‑year Review, the forecast unemployment rate for 2024-25 has been revised down to 3.5% (from 4% at Mid-year Review) and forecast growth in Perth’s Consumer Price Index over 2024-25 has been revised down to 2.75% (from 3.25%).
The PFPS also shows that the State’s fiscal outlook has improved since the Mid‑year Review, with higher operating surpluses in each year of the forward estimates period (including an estimated $3.2 billion surplus for 2024-25) and a $2 billion reduction in the forecast level of net debt at 30 June 2028 (revised down to $37.6 billion, from $39.6 billion at Mid-year Review).
