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Economy heading the right direction despite global headwinds: Cormann

The Federal Government says Australia’s finances are moving back into the black for the first time in more than a decade

The mid-year budget update shows the surplus will come in at $5 billion this financial year but this is $2 billion less than had been forecast in the April budget.

Finance Minister Mathias Cormann told Gareth Parker projections for next year are encouraging.

 

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