Why did the planned surplus in 2015/16 turn to deficit? Higher federal spending

In Research by Michael Rae

With much of the focus on last week’s federal budget being on the $29.4 billion deficit expected in 2016/17, an important takeaway that largely flew under the media radar is what caused the surplus that the former government had planned for 2015/16 to become a deficit, as is now anticipated.Of

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