MYEFO reveals billions more in revenue, $9 billion in fresh election tax cuts
- Written by Peter Martin, Editor, Business and Economy, The Conversation
Higher-than-expected company tax revenue and lower-than-expected spending have boosted the budget’s bottom line by A$15 billion over next four years, allowing it to forecast cumulative surpluses of A$30.4 billion, double what the budget predicted in May.
Modestly improved surpluses
The midyear budget update cuts the projected deficit for...
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