Josh Recessionberg collects his Golden Turd award at The Australian today:
The principal driver was a record number of Australians in work, with 300,000 people finding a job, 100,000 more than Treasury forecast. This has the effect of increasing tax receipts and decreasing payments as people move from welfare to work.
Export earnings in the year also were up, led by increases in the volume and price of key commodities such as iron ore, our largest export. The price of iron ore averaged $US72 a tonne in 2018-19; the budget had assumed $US55.
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