A temporary reprieve for the Budget deficit

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By Leith van Onselen

The ABS has released its Government Finance Statistics for the September quarter, which posted an improvement in the federal budget deficit in the year to September to $23.1 billion:

This improvement came on the back of a 7% increase in revenue, versus a 4% rise in expenses:

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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.