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Economics

Chief economist update: Budget surplus can wait

The hope, of course, is the Australian government's generosity would generate a stronger labour market, stronger consumer spending and business investment that would further raise government revenues and voila, we have ourselves a budget surplus.

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Read more: BudgetBudget PapersCanberraTreasuryChris RichardsonFederal TreasurerMid-Year Economic and Fiscal OutlookMYEFOPrime Minister