2018-19 MYEFO

The MYEFO revealed a substantial financial windfall to the government in the form of higher revenue and lower expenditure compared to forecasts included in the 2018-19 federal Budget delivered in May by then Treasurer, Scott Morrison.  The main reason for this windfall gain and the improved budget bottom line was due to increased corporate tax revenue as result of higher than expected iron ore and coal price and reduced spending on welfare payments. More...