The truth behind the surplus

According to historical data, government officials report 1 per cent of recipients receive an overpayment and 0.8 per cent receive an underpayment each fortnight.

Greens spokesman on disability services, Jordan Steele-John, said about 23 per cent of the government’s projected $7.1 billion surplus comes from cutting the NDIS,“The Treasurer says we’re back in the black, but that surplus is built on the backs of disabled people,” he said.Mr Frydenberg pushed back against criticism that the government’s surplus was built on huge underspending in the NDIS.

Mr Frydenberg said the surplus will depend on factors outside the Government’s control, including the global economy. “If we win, we will bring down a major economic statement in the third quarter of the year, which will in effect be the first Budget of a Shorten Labor government,” he said. Net debt would peak at $373 billion in the current fiscal year — at 19.2 per cent of GDP — and be paid off by 2029-30.

there is and there wont be a surplus, its all smoke and mirrors.

Liberals make Australia great. Labour party get in and wreck it. Fact...history proves.

Just delivered a 4.8 billion deficit. Making promises is cat keep.

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Budget surplus is no accident: Frydenberg | Sky News AustraliaTreasurer Josh Frydenberg has addressed the media prior to delivering Tuesday’s budget, saying its surplus is ‘no accident’.\n\nMr Frydenberg says the first surplus in more than a decade is the ‘result of responsible decisions, and an economic plan that is working’.\n\nThe Treasurer notes while there is more to do to get debt under control and allow more spending on essential services, he believes ‘the Australian people can trust us to do it’.\n\n\n\n\n\n\n\n\n\n\n tomwconnell FakeSurplus FakeGovernment Big Fail. tomwconnell Meanwhile in the real world, most of us just want to know the date of the election. Can't get excited about a Liberal party budget, still smarting from the 2014 budget and 'where is my $550 Abbott?' promise. I'd ask Turnbull but he's gone too. Its our turn to knife a PM soon 🔪
Source: SkyNewsAust - 🏆 7. / 78 Read more »