Key projections from thursday’s fiscal update (print-only)
Projections from Thursday’s fiscal update compared to February’s budget
Deficit: $24.2 billion (+$16.8 billion)
Total revenue: $38.4 billion (-$11.5 billion)
Total expense: $62.6 billion (+$5.3 billion)
Debt: $99.6 billion (+$25.4 billion)
Taxpayer cost of debt servicing: $2.2 billion (+$154 million)
Net Financial Debt-to-gdp ratio: 22 per cent (+9.9 per cent)
Taxpayer-supported debt: $99.6 billion (+$25.4 billion)
Resource revenue: $1.2 billion
(-$3.9 billion)
Real GDP: $314 billion (-$42 billion)
Real GDP projected growth: -8.8 per cent (-11.3 per cent)
Unemployment rate: 11.6 per cent (+4.9 per cent)
West Texas Intermediate (WTI): US$35.60 (-US$22.40)