Treasurer Scott Morrison is expected to reveal an improved budget bottom line when he hands down his mid-year review today, gaining a revenue windfall from a buoyant jobs market.
Economists expect the 2017/18 budget deficit could be about $3 billion smaller at some $26 billion for the 2017/18 financial year compared to the $29.4 billion predicted in the May budget.
This would follow the final budget outcome for 2016/17 being more than $4 billion smaller than earlier forecast.
The promise of a surplus by mid-2021 is expected to remain intact.
“We’re making very strong headway on that plan, and we’re sticking to that plan,” the treasurer said yesterday,
It will…
Read the full article at: https://www.9news.com.au/national/2017/12/18/06/17/national-debt-sliced-down-by-23-billion
