Budget deficit comes in at $10.1 billion, in boost for early return to surplus
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Estimates out, but happy. Mathias Cormann and Josh Frydenberg announce the smallest deficit in a decade.Mick Tsikas/AAPThe budget outcome for 2017-18 shows a deficit of A$10.1 billion – dramatically less than expected in May, and just 0.6% of GDP.
In this year’s May budget, a mere four months ago, the outcome for the last financial year...