Budget day
- Personal tax cuts outlined
- Infrastructure spending in 2018/2019 budget
- Unemployment at 5.25% in 2018/19 falling to 5% in 2020/21.
- GDP growth at 3% in 2018/2019 staying there through to 2021/2022
- Net debt peaking at 18.6% in 2017/2018, falling to 3.8% by 2028/29
- Budget surplus at 11 billion in 2020/21 16.6 billion 2021/22
- 2019/20 budget surplus at 2.2 billion vs 2.6 billion deficit seen in Dec
- Budget returning to small surplus in 2019/2020 - a year earlier then Dec estimate
- 2018/2019 budget deficit at 14.5 billion vs 20.5 billion deficit seen in Dec
S&P out with a note on Bloomberg: outlook remains 'negative' after budget