Original article by Jacob Greber, Primrose Riordan
The Australian Financial Review – Page: 5 : 18-Nov-15

The Australian economy’s trend growth rate has traditionally been regarded as being around 3.25 per cent. Treasurer Scott Morrison says the economy is currently expanding by 2.3 per cent, but this would need to rise above three per cent for government revenue to be sufficient to balance the Budget. The Treasury has previously forecast that the Budget will return to deficit by the early 2020s, although this is based on an economic growth rate of 3.5 per cent over the five years from 2018-19.

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