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Budget deficit better than Government projected

Scott Morrison outlines the budget update
Ministro de Economía Scott Morrison Source: AAP

The Turnbull Government is taking the credit after updated Budget figures show a $4 billion improvement to the budget deficit for the 2016-17 financial year. The Government says improved tax earnings from a higher employment rate and lower spending on social security are responsible for the improved Budget position.


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By Maya Jamieson

Presented by Sanja Damic

Source: SBS



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The Turnbull Government is taking the credit after updated Budget figures show a $4 billion improvement to the budget deficit for the 2016-17 financial year. The Government says improved tax earnings from a higher employment rate and lower spending on social security are responsible for the improved Budget position.



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