A temporary reprieve for the Budget deficit

Wednesday 27 September 2017

The federal budget has been handed a reprieve with the deficit for 2016-17 trimmed by $4.4 billion on the back of faster than anticipated thanks to mini-boom in the commodity prices and corporate profits. From The Australian:

Releasing final budget figures for 2016-17 yesterday, Scott Morrison said the improved result reflected the government’s conservative approach to forecasts and its tight control of spending.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.