Senate debates Questions without Notice

Economy


Mathias Cormann

Mathias Cormann WA, Liberal Party, Vice-President of the Executive Council

2:05 pm

I thank Senator Bragg for that question. Indeed, we have kept the economy growing and created more jobs, despite the headwinds we've been facing, and we have controlled our expenditure growth. I'm pleased to report that that's why in 2018-19 our budget has returned to balance for the first time in 11 years. The underlying cash balance in the final budget outcome for 2018-19 is $13.8 billion better than estimated at the time of the budget.

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