Original article by David Crowe, David Uren
The Australian – Page: 1 & 6 : 19-Dec-16

The Australian Government’s Mid-Year Economic and Fiscal Outlook is expected to show that the combined Budget deficit for the next four years will be close to $A100bn. Finance Minister Mathias ­Cormann has warned that the rally in the price of iron ore and coal will not be sufficient to offset falling revenue from corporate and income tax. The MYEFO is tipped to scale back the May 2016 Budget forecasts for growth in wages and employment.

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