MYEFO enjoys Futureboom! amid commodity bust

MYEFO is out and the inevitable downgrades are upon us:

The underlying cash balance is expected to improve from broad balance in 2018-19 to a surplus of $5.0 billion in 2019-20 (0.3 per cent of GDP). Underlying cash surpluses are expected to continue over the remaining years of the forward estimates. Over the four years from 2019-20, the cumulative underlying cash surplus is expected to be $23.5 billion.

The Government continues to take a disciplined approach to prioritising new spending.

There are 1307 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.