MYEFO

Wednesday, August 05

Lucas's surplus threatened by fresh GST writedown

Rob Lucas’s razor-thin budget surplus has been effectively wiped out by a fresh writedown in GST revenues, with this morning’s federal update slashing the state’s receipts by $136 million in the current financial year.

Lucas defiant after massive budget hit

UPDATED | Treasurer Rob Lucas insists he will still be able to deliver “a modest surplus” in his next budget, despite conceding a dramatic $577 million write-down in Commonwealth GST revenues over the next four years which will send him scrambling for savings.

Treasurer Scott Morrison. Photo: AAP/Lukas Coch

Two big political problems buried in budget update

Treasurer Scott Morrison’s mid-year budget update includes two big political headaches for the Turnbull Government, writes John Edwards.

Debt to swell under the Coalition: mid-year budget update

Treasurer Scott Morrison has unveiled a mid-year budget update with a smaller deficit than the government forecast earlier in the year, but national debt will rise regardless.