Analysis of the Federal Budget 2017/18

MTAA was present in Parliament when Scott Morrison, the Federal Treasurer, handed down his second Budget (the government's first of its three-year term).  The Treasurer announced that there will be an expected underlying cash deficit of $29.4 billion deficit in the 2017-18 financial year. The underlying cash deficit is expected to reduce to $2.5 billion (0.1 per cent of GDP) in 2019-20, and improve over the forward estimates to return to a surplus of $7.4 billion (0.4 per cent of GDP) in 2020-21.