The 2022-23 budget includes operating efficiencies in non-frontline services, including executive reductions. No additional savings have been allocated to health, education, police, child protection, TAFE SA, courts and emergency services.
|2022-23 Budget savings ($m)||165.0||174.0||183.0||192.0|
The 2022-23 Budget invests in health and other public services, supports economic recovery and delivers essential infrastructure whilst maintaining debt within affordable levels.
The South Australian economy is estimated to grow by 3 per cent in 2021-22. Gross State Product is forecast to return to its long run average growth of 2¼ per cent per annum from 2022-23 onwards.
Employment has grown solidly over the past year, and was up 1.8 per cent through the year to April 2022. Employment is estimated to grow by 3¼ per cent in 2021-22, before returning to its long run average growth of 1 per cent per annum.
Public sector investment including in hydrogen projects, transport projects including the North-South Corridor, and private sector investment provide continued support to the economy.
Key assumptions underlying the budget and forward estimates – South Australia
|Gross State Product – real growth (%)||3||2¼||2¼||2¼||2¼|
|State Final Demand – real growth (%)||3¼||2½||2¼||2¼||2¼|
|Employment – growth (%)||3¼||1||1||1||1|