Yesterday afternoon, the Mid-Year Economic and Fiscal Outlook (MYEFO) was released by Treasurer Scott Morrison which, as expected, reaffirmed its commitment to returning to surplus by 2020-21:
As shown above, the underlying cash balance was $5.8 billion better-off in MYEFO versus the Budget, and this was caused primarily by a large boost in company taxes and super fund fees relating to the commodity price and terms-of-trade mini-boom:
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