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The Times

MYEFO reveals billions more in revenue, $9 billion in fresh election tax cuts

  • Written by Emil Jeyaratnam, Data + Interactives Editor, The Conversation

Higher than expected company tax revenue and lower than expected spending has boosted the budget’s bottom line by A$14 billion over next four years, allowing it to forecast cumulative surpluses of A$30.4 billion, double what it predicted in the budget in May.

Modestly improved surpluses

The mid-year budget update cuts the projected deficit for...

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