The Federal Budget will return to surplus next week, not 2020/21 as previously forecast.
The news coincides with the announcement today that Bronwyn Bishop will resign.
“What we’ve seen is a sustained increase in spending over the past 25 years, but this part of the budget at least is set to reduce significantly in the forward estimates. By tomorrow, to be precise,” the Treasurer said today.
Lobbyists are now hopeful that previously unaffordable health, education, and infrastructure projects will now be put back on the table.
The Prime Minister praised Mrs Bishop’s tenure as speaker. “Liberal Party fundraisers will never be quite the same again,” he said.