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Budget deficit comes in at $10.1 billion, in boost for early return to surplus

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra
Budget deficit comes in at $10.1 billion, in boost for early return to surplusEstimates out, but happy. Mathias Cormann and Josh Frydenberg announce the smallest deficit in a decade.Mick Tsikas/AAP

The budget outcome for 2017-18 shows a deficit of A$10.1 billion – dramatically less than expected in May, and just 0.6% of GDP.

In this year’s May budget, a mere four months ago, the outcome for the last financial year...

Read more: Budget deficit comes in at $10.1 billion, in boost for early return to surplus

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