Published: November 25, 2018
Deloitte estimates underlying cash deficit will be $4.9bn in 2018-19, the smallest deficit since global financial crisis
A surge in company tax is expected to push budget revenue $9.2bn higher in 2018-19 than expected in the May budget, according to Deloitte Access Economics’ latest forecast.
The positive news sets the Morrison government up for a quicker return to surplus or gives latitude for pre-election sweeteners such as bringing forward personal income tax cuts as it prepares the midyear economic fiscal outlook, which is due in December.
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