· Western Australia's domestic economy is expected to continue growing at double the rate of the national economy.
· Forecasts for Gross State Product, State Final Demand and Employment growth have all been revised up.
· A seventh consecutive operating surplus of $3.1 billion is forecast, up from the $2.6 billion surplus forecast in the 2024/25 Budget.
· Net debt is now projected to be nearly $300 million lower than forecast in the 2024/25 Budget
· Stronger financial capacity has enabled significant additional investment in housing, cost-of-living support and front-line services, particularly hospital services, child protection, and family and domestic violence services
· Following growth of 5.7 per cent in 2023/24, Western Australia's domestic economy is expected to grow at 3.5 per cent in 2024/25, up from the previous forecast of 3.25 per cent in the 2024/25 Budget.
Western Australia has set the foundations for years of economic stability and growth in the foreseeable future.