Mid-year budget update - The numbers

Treasurer Joe Hockey has updated his budget.

Here's the key numbers:

BUDGET DEFICITS IN $BLN (VS MAY)

2014/15 - 40.4 (29.8)

2015/16 - 31.2 (17.1)

2016/17 - 20.8 (10.6)

2017/18 - 11.5 (2.8)

ECONOMIC FORECASTS 2014/15 IN PCT (VS MAY)

GDP - 2.5 (2.5)

Unemployment - 6.5 (6.25)

CPI - 2.5 (2.25)

Wages - 2.5 (3.0)

(Source: Mid-Year Economic and Fiscal Outlook)