WA budget to return to surplus as McGowan Government predicts end to six years of deficits πŸ‡¦πŸ‡Ί #auspol More Below;

The WA Government has foreshadowed a budget surplus in its upcoming mid-year review β€” one year ahead of schedule.

Key points:

  • Mark McGowan says the surplus will be more than just “squeaking over the line”
  • It will be the first time in six years the WA budget will not post a deficit
  • The Government is also boosting Keystart loans to help low income borrowers

Premier Mark McGowan unveiled the news at the WA State of the State event, a gathering of the Perth business community.

“I am very happy to announce to you all today that in the forthcoming mid-year review, that the next financial year 2019–20, Western Australia will once again be in surplus,” Mr McGowan said.

The Government was forecast to record a surplus in 2018–19 of $1.3 billion.

“This is the first time Western Australia will be in surplus in six years.”

Mr McGowan did not give an expected figure, but said it would be significant.

Source: WA budget to return to surplus as McGowan Government predicts end to six years of deficits – ABC News (Australian Broadcasting Corporation)

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