Budget Outcome: Mining Boom and Mr Frydenberg

budget outcome: The economy in 2017/18 expanded at its fastest pace since the mining boom six years ago, beating financial market expectations, according to Nine News Australia. Asked if that meant the budget could be back in the black sooner, Mr Frydenberg said The numbers were better than expected and that will flow through in the final budget outcome . I will release a final budget outcome later this month and certainly that data was good news for the budget, he told the Nine Network on Thursday. To improve your experience update it hints at good budget news3 14pm Sep 6, Josh Frydenberg has hinted the federal budget could return to surplus sooner than expected after the release of strong economic growth figures. The budget is currently forecast to return to surplus in 2020/21. While businesses are increasingly profitable, house prices are also falling and Australians are increasingly drawing down on their personal savings. Despite the rosy national figures, wage growth remains stubbornly flat and cost of living pressures continue to climb. (news.financializer.com). As reported in the news.