Jun 26, 2026 – 11.02amThe federal budget deficit has narrowed by half 11 months into the financial year, as a combination of delayed spending and soaring tax revenue improves the bottom line.The closely watched underlying budget deficit was $10.9 billion to May 31, according to the Department of Finance’s monthly budget figures released on Friday.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Budget deficit slashed in half to $11b as tax soars
The federal budget deficit has been slashed in half 11 months into the financial year, due to delayed spending and soaring tax revenue.
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