Bottom line pushes budget closer to surplus

Original article by David Uren
The Australian – Page: 4 : 27-Aug-18

The Australian Government’s May 2018 Budget had forecast a 2017-18 deficit of $14.5bn. Economists expect the final figure – which will be disclosed by the end of September – to be slightly below this. Company tax receipts for the full year are likely to be in line with Budget projections, although overall government revenue was tracking slightly below forecasts during the first 11 months of the financial year. Shane Oliver of AMP Capital says incoming Treasurer Josh Frydenberg is likely to face some revenue challenges in the medium-term.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AMP CAPITAL INVESTORS LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, S&P GLOBAL INCORPORATED

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