The Conversation

Government reveals $40 billion budget deficit, clings to surplus hope

15-12-2014 Author: The Conversation

Treasurer Joe Hockey and Finance Minister Mathias Cormann have said the government will get the budget back into surplus. AAP/Lukas Coch

The budget is projected to return to surplus in 2019-20, according to the budget update which shows this financial year’s deficit has blown out from less than A$30 billion to more than $40 billion.

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