The Australian government announces its federal budget for 2019-20, with the key forecasts noted below.
Forecasts budget surplus of AUD 7.1 billion in 2019-20.
Forecasts budget surplus of AUD 11 billion in 2020-21.
Sees GDP growth at 2.75% in 2019-20, 2.75% through 2021-22.
Sees CPI at 2.25% in 2019-20, 2.50% in 2020-21.
Proposes AUD 158 billion in tax cuts.
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