• Unemployment to be 5.5% in fiscal year 2012-13, 2013-13.
  • Return to surplus gives RBA rate-cut room.
  • Sees 2012-13 GDP growth of 3%vs. 3.25% in Mays forecast.
  • Australia to outperform major economies.
  • Terms of trade to drop *% vs 5.75% in May budget forecast.
  • Australia surplus to return before all major advanced nations.
  • Says global crisis to lower tax receipts in by A$22B.
  • Australia sees around A$1 billion budget surplus by 2012-13.