Fed budget outcome: the key figures
THE 2018/19 FINAL BUDGET OUTCOME: Key Figures
* The federal budget outcome for the 2018/19 year was a deficit of $700 million.
* This is a $13.8 billion improvement on the 2018/19 budget forecast.
* This is the coalition government's sixth consecutive budget deficit.
* Underspend on the National Disability Insurance Scheme was $4.6 billion.
* Company tax receipts were $4.6 billion higher than the 2018/19 budget estimate, mainly due to stronger mining profits.
* Superannuation fund taxes were $1 billion higher than estimated, due to better performing retirement savings accounts.
* GST receipts were $2.3 billion lower due to softer consumption and dwelling investments.
* Real GDP grew by 1.9 per cent in 2018/19, softer than the 3 per cent growth forecast in the 2018-19 budget.
* Employment grew by 2.6 per cent through the year to end-June 2019.
* Wage price index increased by 2.3 per cent through the year to the June quarter 2019.
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