Original article by Joanna Mather
The Australian Financial Review – Page: 9 : 20-Dec-16

The Mid-Year Economic and Fiscal Outlook, released by Federal Treasurer Scott Morrison on 19 December 2016, shows that government revenue will be $A30 billion lower than forecast in the May 2016 budget. A positive effect of higher commodity prices will not be strong enough to compensate for lower tax revenue resulting from weak wages growth and lower than projected corporate tax collection in non-mining sectors.

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AUSTRALIA. DEPT OF THE TREASURY, DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY