Budget overview information: Budget Special Omnibus 25 May 2012

The Budget is based on a Government deficit of $13.5 billion for the year ahead, 2012/13.  This is down from the record deficit of $18.4 billion last year.  A further deficit budget is forecast for 2013/14, before a balance budget in 2014/15.  The 2014/15 surplus has been adjusted down to

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