‘Stunning pay rise’: commodity boom to fuel improved Australian budget

Export revenues and low jobless rate combine to cut almost $90bn from projected federal budget deficitGet our free news app; get our morning email briefingSoaring commodity prices and a shrinking jobless rate will combine to slice almost $90bn from projected federal budget deficits out to 2024-25, although excessive pre-election promises would undermine the government’s fiscal repair efforts, according to Chris Richardson, a senior economist at Deloitte.The predicted improvement compares w