Period: Deficit and Product

period: The deficit in 2017/18 was 10.1 billion in the year, or 0.6 per cent of gross domestic product, according to the final budget outcome released on Tuesday, according to Nine News Australia. That's a 19.3 billion improvement on the deficit originally estimated for the period. To improve your experience update it here News National Smallest deficit in a decade Treasurer11 09am Sep 25, 2018Facebook Tweet Mail The federal government has delivered the smallest budget deficit in a decade, on the back of a bigger tax take and growing economy. Stronger-than-expected economic growth and more Australians in work contributed to the impressive improvement, Treasurer Josh Frydenberg says. That's the result of a strong economy, Mr Frydenberg told reporters in Sydney in Tuesday. The amount of money coming in was 13.4 billion higher than expected, while total spending was 6.9 billion less than forecast, with the Future Fund earnings up 1.1 billion in net terms. (news.financializer.com). As reported in the news.