Surplus in sight ahead of election

Original article by David Uren, Rick Morton
The Australian – Page: 1 & 2 : 26-Sep-18

The Treasury has released figures showing that the Budget deficit for 2017-18 was $10.1bn, which equates to just 0.6 per cent of GDP. Treasury had forecast in May that the deficit for 2017-18 would be $18.2bn, and the initial forecast in the May 2017 Budget was for a deficit of $29.1bn. Factors such as jobs growth, a higher tax take and reduced government spending contributed to the improvement in the Budget position from a deficit of $33.2bn in 2016-17. However, Treasurer Josh Frydenberg has downplayed suggestions of a potential return to surplus in 2018-19.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, DELOITTE ACCESS ECONOMICS PTY LTD, UBS HOLDINGS PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF SOCIAL SERVICES

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