Federal budget is improving despite softening economy, Deloitte says

Labor seizes on report, warning wages growth will underperform Coalition estimates

Despite a softening economy the budget will be just short of a surplus in 2018-19 and record a $9.8bn surplus for 2019-20, according to Deloitte Access Economics.

In its latest budget monitor, released on Monday, Deloitte suggests the budget is improving due to booming company tax receipts even as crashing house prices and slow wage growth hit consumer spending.

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