Published: December 16, 2018
Improvement in budget bottom line in mid-year economic and fiscal outlook opens the way for more tax cuts before next year’s election
The Morrison government is forecasting a larger surplus of $4.1bn in 2019-20, revised up from $2.2bn, after a windfall surge in company and superannuation taxes this year.
Voters can expect the Coalition to use the vastly improved budget condition to its favour in the election, with the prospect of more tax cuts on the table.
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