This report provides an update of the key economic and fiscal forecasts for Queensland since the release of the Major Economic Statement in December 2008. Based on currently available data, the key fiscal aggregates have been updated for the Budget and forward estimates years for the General Government Sector. An update of the Public Non-financial Corporations Sector has not been undertaken at this time.

This annual document provides a mid-year update on the fiscal and economic outlook for the State based on assessments prepared by Treasury. This includes updated forecasts for major economic parameters, revised estimates of State Government borrowings and consolidated sectoral financial statements on Government Finance Statistics basis.

Queensland Treasury has prepared guidelines for Queensland Government Agencies to use when negotiating Specific Purpose Payment (SPP) agreements with the Commonwealth Government. The guidelines incorporate best practice principles and form part of the administrative arrangements for managing SPP negotiations within the Queensland Government.

The Queensland State Accounts are the official quarterly accounts of the Queensland economy, as produced by Queensland Treasury. They provide an official measure of the performance of the various components of the Queensland economy and comparisons with the performance of the rest of Australia.

The Report incorporates both the Outcomes Report and the Consolidated Financial Statements providing a comprehensive view of the financial operations and position of the Queensland Government.

This presentation by the Under Treasurer outlines the documents and legislation relevant to the Special Fiscal and Economic Statement of 25 October 2005 and the associated economic outlook.

The annual State Budget details the priorities for spending of public monies in the coming year.