On Tuesday, 10th May 2017, Federal Treasurer Scott Morrison handed down his second
Federal Budget and the Australian economy is expected to rebound from the slowdown caused
by Cyclone Debbie that hit the coast hard at the end of March this year. The economy is
expected to expand at a rate of 2.75 percent next financial year and 3 percent the following
year. Treasury now expect a budget deficit of $29.4 billion in 2017/18 but project a surplus
budget of $7.4 billion in 2020/21.