The budget bottom line will surge to a surplus next financial year on the back of higher than expected revenues from commodities, strong corporate profits and low unemployment.
The estimated surplus of A$7.1 billion for 2019-20 will be the first time the budget has entered positive territory since 2007-08.
- ^ Iron ore dollars repurposed to keep the economy afloat in Budget 2019 (theconversation.com)
- ^ View from The Hill: budget tax-upmanship as we head towards polling day (theconversation.com)
- ^ December budget update (theconversation.com)
- ^ Frydenberg’s budget looks toward zero net debt, but should this be our aim? (theconversation.com)
Authors: Emil Jeyaratnam, Data + Interactives Editor, The Conversation