Better than expected jobs growth,low inflation and an RBA dividend windfall point to a near-term surplus – unless reckless decisions are madeThe treasurer, Scott Morrison, and must be feeling pleased with the recent news on the budget.
None is of his own making,but the budget data for the first four months of 2015-16 has the underlying cash deficit running at $1.6bn below the estimate made in the budget back in May. whether this sort of narrowing of the deficit continues over the the rest of the year, the final budget outcome for 2015-16 could be as low as $30bn, or a good deal below the $35.1bn deficit estimate of his predecessor,Joe Hockey.
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Source: theguardian.com