We’re saved! Yes, it’s a scientific breakthrough up there with penicillin, at Domainfax:
Treasurer Josh Frydenberg will be relying on record company profits to drive tax revenues as he faces his first set of national accounts a week after taking responsibility for the Australian economy.
Falling house prices, a sluggish retail sector, high levels of household debt, low levels of consumption and torpid wage growth will all hamper the government’s goal of bringing the budget back to surplus as Mr Frydenberg considers a mini-budget before the next election.
