Morrison: Budget and Plan

morrison: The budget would return to surplus in 2020-21, despite falling revenue and a slowing economy, Treasurer Scott Morrison said, according to The Toronto Star. On the best information we have available to us, the government's plan to return the budget to balance is projected to be in 2021 and that is something that says our plan remains on track, Morrison told reporters. STRINGER / REUTERS By Rod McGuirk The Associated Press Sun., Dec. 18, 2016 CANBERRA, AUSTRALIA Australia's projected budget deficits for the next four years have increased by 10.3 billion Australian dollars US 7.5 billion to AU 94.9 billion as the economy continues to slow following a China-driven mining boom, the government's latest forecasts showed Monday. The deficit for the year ending June 30, 2017, had been forecast to reach AU 37.1 billion when the annual budget was released in May. But deficits will exceed the May estimates in the following three years. Updated economic forecasts released Monday showed that deficit would be AU 600 million lower. (news.financializer.com). As reported in the news.