• Unemployment now forecast to fall to 4.75% in 2011 and to 4.5% by mid-2012
• GDP growth forecast raised to 3.25% for 2011 and forecast steady at 3.75% for end of 2012
• New 2010/2011 budget deficit forecast to be slightly higher at AUD41.5 billion
• Net debt seen peaking at 6.4% of GDP in 2012