I came here to study cheap viagra pills london uk The Stable Outlook reflects Fitch's base case scenario of an improving, albeit still weak, operating and current balance, driven by revenue growth and expenditure restraint. At the same time the base case includes an increase in debt to AUD11bn in FY16 from AUD6.9bn in FY13. Finally, the Outlook factors in deficits in the next three financial years and a return to surplus by FY17.Operating revenue rose by a subdued 2.3% during FY13.This was offset by a 5.3% rise in operating expenditure, which resulted in the operating margin deteriorating to negative 2.79% from 0.13% in FY12. The slow revenue growth is due to the weakness of the national GST pool and softness in the property market and domestic consumption. Operating revenue growth is expected to improve across the forecast to FY17, averaging growth of 5.0% as a result of increases in the national GST pool and state-based taxes. Fitch forecasts stronger growth in the state's operating revenue in FY16 and FY17 in line with growth expectations for the national economy.
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