Rob Lucas says the state budget's tenuous surplus has disappeared. Photo: Sam Wundke / AAP

Local

SA budget back in deficit and will stay in debt, says Treasurer

It would be “impossible” to maintain a state budget surplus for the current financial year, Treasurer Rob Lucas says, but he’s still promising to hand down a budget in the black come September.

Local

Softer surpluses as Kouts sets new public sector savings targets

The state’s budget surplus is forecast to fall short of previously-expected targets across each of the next four years, according to a mid-year financial statement unveiled by Treasurer Tom Koutsantonis today.

News

Federal budget review: migrants and unis hit for better bottom line

UPDATED | Treasurer Scott Morrison is sticking to his promise of a budget surplus by mid-2021 and expects it will be almost $3 billion larger at $10.2 billion.

Local

"Merry Christmas, happy surplus": Hospital windfall puts smile on Treasurer's dial

The ongoing stoush over the dormant new Royal Adelaide Hospital has almost single-handedly helped deliver Tom Koutsantonis a budget windfall $46 million higher than anticipated in July, with today’s Mid-Year Budget Review revising the 2016-17 surplus up to $300 million.

Business

Welfare facing chop in mini-Budget

The federal mid-year budget review is expected to find significant savings in welfare through a crackdown on fraud and administration improvements.