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O
fficial figures show a deficit of $2.8 billion for the four months to October, about $270 million below the budget forecast.
The tax take was in line with what was forecast, at $36.2 billion, with higher income tax payments offsetting a slight dip in GST and the government's reduction in fuel taxes.
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Overall revenue was also boosted by higher earnings from the emissions trading scheme.
Only the media and their Tory masters were predicting worse. "The country is in the very best of hands" - π€©
https://t.co/p1GshOYNe7
— murray pearce (@pearce_murray) November 30, 2022
Expenses were $500 million above budget, reflecting higher interest costs and delayed pandemic-related health costs.
Overall revenue was also boosted by higher earnings from the emissions trading scheme.
Only the media and their Tory masters were predicting worse. "The country is in the very best of hands" - π€©
— murray pearce (@pearce_murray) November 30, 2022
https://t.co/p1GshOYNe7
Expenses were $500 million above budget, reflecting higher interest costs and delayed pandemic-related health costs.
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