Via Domain:
Scott Morrison and Josh Frydenberg are about to challenge an Australian fiscal record. This isn’t one they’ll be boasting about any time soon, and it’s one that may not find its way into a Guinness book of records.
When Tony Abbott took office federal tax as a proportion of GDP was 21.3 per cent. Next year’s budget surplus, the first in a decade, will be built upon a tax-to-GDP ratio of 23.3 per cent.
