Tax cuts, higher wages: Budget ‘raining revenue’, says top forecaster

World is doing Australia 'plenty of favours', says Deloitte

This year would be the first year since 2012 that the budget’s revenue forecast had improved since the previous budget.

It was happening because of “the best and most synchronised global backdrop in quite some time” and because of improved Chinese demand for Australian resources.

The upswing was coming at “exactly the right time”, when Australia’s house price boom had come off the boil.

via Tax cuts, higher wages: Budget ‘raining revenue’, says top forecaster