Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) | Hansard source

Nominal GDP grew by 5.3 per cent, significantly higher than the 2018-19 budget forecast of 3¾ per cent. This is the third year in a row that the underlying cash balance in the final budget outcome is materially better than anticipated at the time of the budget. Over the past three years the final underlying cash balance outcome was $37 billion better than forecast at budget. Compare that to Labor's last three years in government, when the outcome was $70 billion worse than forecast at budget time. Furthermore, this is also the fifth year in a row—five out of five—that the employment growth outcome is better than forecast at budget time: 2.7 per cent employment growth last year followed by 2.6 per cent this year, well above the 1.5 per cent forecast at budget time—

Honourable senators interjecting—