Shock as Labor is ‘set to post a SURPLUS’ in the Federal Budget next Tuesday in astonishing windfall: Here’s why
The Labor government is reportedly expecting to post a surplus in the federal Budget on Tuesday night in an astonishing fiscal turnaround.
Sky News political editor Andrew Clennell is reported that the surplus comes amid surging tax revenue from iron ore, coal and gas, and low unemployment.
It would be the first budget surplus in 15 years.
Finance Minister Katy Gallagher did not deny a possible surplus during an interview aired on Thursday morning.
This would also mark the first time a federal Labor government has delivered a surplus since 1989 when Bob Hawke was prime minister and Paul Keating was treasurer.
More to follow…