The budget deficit for this financial year: $19.4 billion
The budget deficit for the coming financial year: $18 billion
Swan’s accumulated deficits to date: $191.7 billion
Costello’s accumulated surpluses: $97.4 billion
The dashed lines are the 1996 – 2017 averages for Receipts and Payments.
Here is a comparison of the budget balance as reported in the MYEFO in October and the Budget figures from tonight.
Astonishingly, Rob Oakeshott has just said “figures don’t don’t lie” on Sky News. So how does he explain the difference shown in the graph above?
How is that sledgehammer to revenue going?